Mapletree Logistics Trust acquires S $ 1.4 billion in logistics assets in China, Vietnam and Japan


Posted on 11/24/2021

Mapletree Logistics Trust Management Ltd. based in Singapore is the manager of Mapletree Logistics Trust. Mapletree Logistics Trust signed a deal to purchase a portfolio of 16 logistics properties consisting of the acquisition of 13 properties in China through the acquisition of subsidiaries of Mapletree Investments Pte Ltd, the sponsor of Mapletree Logistics Trust, and an Itochu Corporation subsidiary of 13 real estate holding companies and the acquisition of three properties in Vietnam through the acquisition of a Mapletree subsidiary
Investments Pte Ltd of three real estate holding companies. The agreed property values ​​of the properties in the People’s Republic of China and the properties in Vietnam are RMB 4,111.7 million (approx. S $ 870.0 million) and USD 95.9 million (approx. S $ 129.9 million), respectively ).

China properties
1 maple tree Wenzhou
2 maple tree Zhengzhou
3 Yangzhou maple tree
4 Kunming maple tree
5 maple tree Yuyao 2
6 Xi’an maple tree
7 Mapletree Yixing
8 Yantai maple tree
9 Mapletree Harbin
10 Yuyao maple tree
11 Chongqing maple tree
12 Tianjin maple tree
13 Zhongshan maple tree

Vietnam real estate
14 Mapletree Bac Ninh 4
15 Mapletree Bac Ninh 5
16 Mapletree logistics park 5

Separately, Mapletree Logistics Trust Management Ltd. announced the planned acquisition of an effective 97% stake in the fiduciary interest in a logistics facility in Japan from an independent third party for an agreed property value of JPY 35,000 million (approximately S $ 416.3 million). The property is the Kuwana logistics center. The Kuwana Logistics Center is located in an established industrial and logistics cluster in the greater Nagoya area, in close proximity to Nagoya City, Nagoya Port and Centrair Airport. It enjoys easy access to the ShinMeishin Expressway, which offers excellent connections to Kyoto and Osaka to the west and Hamamatsu and Shizuoka to the east. The Kuwana City property is a 5-storey logistics warehouse with double ramps.

Cold store offer
On November 23, 2021, Mapletree Logistics Trust completed the acquisition of a cold store on August 13, 2021 at 5-17 Leslie Road and 6-10 Pipe Road in Melbourne, Victoria, Australia.

Mapletree Investments Pte Ltd, owned by Temasek Holdings, owns 31.59% of the Mapletree Logistics Trust as of September 30, 2021.

Keywords: Temasek Holdings.


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