The two land parcels cover 257,000 square feet. They are 20 minutes’ drive from MLT’s other nearby assets – Mapletree Shah Alam Logistics Park and Mapletree Logistics Hub - Shah Alam.
Mapletree Logistics Trust plans to buy two industrial land parcels in Selangor for RM65.6 million ($21 million), with an eye to combine them with two other adjacent properties it already owns.
Specifically, MLT aims to build the first modern ramp-up warehouse in Subang Jaya, where the land parcels are site. “This is in line with our strategy to optimise MLT’s portfolio and future-proof our assets through asset rejuvenation,” says Ng Kiat, CEO of MLT’s manager.
