The total acquisition price represents a discount of about 4% to the total valuations by the independent property valuers who were appointed by the manager, says MLT. Including acquisition-related expenses, the acquisitions are expected to cost the REIT around $946.8 million.
The manager of Mapletree Logistics Trust (SGX:M44U
) (MLT) announced, on March 30, that it has proposed to acquire properties in Japan, Australia and South Korea for a total acquisition price of $913.6 million.
The REIT manager will be acquiring six logistics properties in Japan for 64.02 billion yen ($652.7 million) and one logistics property in Sydney, Australia for A$125.7 million ($112.2 million). It has also entered into a binding memorandum of understanding (MOU) with third parties to acquire a logistics property in Seoul, South Korea for 144.8 billion won ($148.7 million).
