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Market UpdatesSingapore SGX stocks

Mapletree Logistics Trust Completes RM125.1 Million Divestment of Flexhub in Malaysia

Posted on September 25, 2024 at 12:04 pm (GMT+8)

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Date: 25 September 2024
Broker: Maybank Research Pte Ltd

Completion of Flexhub Divestment in Malaysia

Mapletree Logistics Trust (MLT) has successfully completed the divestment of Flexhub, a property located in Senai, Johor, Malaysia. The property comprises a single-storey industrial building with annexed office space and has a total net lettable area of 63,175 square meters.

Sale Price and Valuation

The divestment was completed at a proposed sale price of RM125.1 million, which represents a 7.4% premium over the latest valuation of RM116.5 million as of 1 October 2023.

Impact on MLT’s Portfolio

Following this divestment, MLT’s property portfolio now consists of 186 properties across multiple countries. These properties are spread as follows:

  • 47 properties in Singapore
  • 14 in Australia
  • 43 in China
  • 24 in Japan
  • 13 in Malaysia
  • 21 in South Korea
  • 12 in Vietnam
  • 9 in Hong Kong
  • 3 in India

This information is based solely on the details provided in the PDF dated 25 September 2024.

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