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MLT completes divestment of Flexhub in Malaysia

Ashley Lo
Ashley Lo • 1 min read
MLT completes divestment of Flexhub in Malaysia
Flexihub is located in Senai, Johor, with a total net lettable area of 63,175 square metres. The property comprises a single-storey industrial building with annexed office space. Photo: Bloomberg
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The manager of Mapletree Logistics Trust (SGX:M44U) (MLT) has announced the completion of the divestment of Flexhub in Malaysia, according to a Sept 23 release. 

On Nov 10, 2023, the REIT announced that it had entered a sale and purchase agreement for the divestment of Flexhub and Padi in Malaysia at a total sale price of RM151.2 million ($43.8 million). 

Flexhub is located in Senai, Johor, with a total net lettable area of 63,175 square metres. The property comprises a single-storey industrial building with annexed office space. 

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