Share
- According to the trust, the proposed divestments are in line with the manager’s strategy to “rejuvenate” its portfolio through selective divestments
SINGAPORE (Sept 10): Mapletree Logistics Trust (MLT) has proposed to divest three of its properties in Malaysia for RM157.5 million.
On Tuesday, MLT’s manager announced that the trust’s trustee, HSBC Institutional Trust Services (Singapore) Ltd, had entered into separate conditional sale and purchase agreements with third-party buyers to divest its Linfox, Celestica Hub and Zentraline properties in Malaysia.
According to the trust, the proposed divestments are in line with the manager’s strategy to “rejuvenate” its portfolio through selective divestments (click here for the full story on theedgesingapore.com).
Looking to buy a home? Sign up for EdgeProp START and get exclusive rewards and vouchers for ANY home purchase in Malaysia (primary or subsale)!
TOP PICKS BY EDGEPROP
Taman Perindustrian Bukit Rahman Putra
Sungai Buloh, Selangor
Taman Perindustrian Kip
Kuala Lumpur, Kuala Lumpur
Semenyih Integrated Industrial Park
Semenyih, Selangor
Kawasan Perindustrian Nilai 3
Nilai, Negeri Sembilan
Kampung Baru Seri Kembangan
Seri Kembangan, Selangor
Kawasan Perindustrian Nilai 3
Nilai, Negeri Sembilan
