According to the trust, the proposed divestments are in line with the manager’s strategy to “rejuvenate” its portfolio through selective divestments.
Mapletree Logistics Trust (MLT) is proposing to divest three of its properties in Malaysia for RM157.5 million ($47.7 million).
On Sept 10, MLT’s manager announced that the trust’s trustee, HSBC Institutional Trust Services (Singapore) Limited, entered into separate conditional sale and purchase agreements with third-party buyers to divest its Linfox, Celestica Hub and Zentraline properties in Malaysia.
