Comprising four blocks of dry warehouses, the property has a total gross floor area of 30,485 sqm sited on freehold land of approximately 45,935 sqm.
SINGAPORE (Jan 22): Mapletree Logistics Trust (MLT) is acquiring DC Deokpyung, a logistics property in South Korea, for 35.8 billion Korean won ($41.4 million), the manager announced on Wednesday.
The property is located in Yongin-Icheon, a prime logistics cluster in the south-east region of the Seoul Metropolitan Area, which is the largest logistics hub in South Korea, accounting for 70% of the country’s total warehouse supply.
