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.
