(Constituted in the Republic of Singapore pursuant to a Trust Deed dated 5 July 2004 (as amended))
ANNOUNCEMENT
ANNUAL ASSET VALUATION
In compliance with the Monetary Authority of Singapore "Code on Collective Investment Schemes Appendix 6 - Property Funds" and pursuant to Rule 703 of the SGX-ST Listing Manual, Mapletree Logistics Trust Management Ltd., as manager ("Manager") of Mapletree Logistics Trust ("MLT"), wishes to announce that the latest independent valuations ("Valuations") on MLT's properties have been completed.
The Valuations (attached as Appendix 1) will be reflected in the financial statements of MLT based on the exchange rates adopted for the financial year ended 31 March 2021.
The valuation reports will be available for inspection by prior appointment at the Manager's registered office during business hours for a period of three months from the date of this announcement. For inspection appointments, please contact Ms Lum Yuen May at +65 6659-3671.
By Order of the Board
Wan Kwong Weng
Joint Company Secretary
Mapletree Logistics Trust Management Ltd.
(Company Registration No. 200500947N)
As Manager of Mapletree Logistics Trust
21 April 2021
Important Notice
This Announcement is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for units in MLT ("Units"). The value of Units and the income derived from them may fall as well as rise. Units are not obligations of, deposits in, or guaranteed by, the Manager, or any of its affiliates. An investment in Units is subject to investment risks, including the possible loss of the principal amount invested.
Investors have no right to request the Manager to redeem their Units while the Units are listed. It is intended that Unitholders of MLT may only deal in their Units through trading on the Singapore Exchange Securities Trading Limited ("SGX-ST"). Listing of the Units on the SGX-ST does not guarantee a liquid market for the Units.
The past performance of MLT is not necessarily indicative of the future performance of MLT.
The information in this Announcement must not be published outside the Republic of Singapore and in particular, but without limitation, must not be published in any United States edition of any publication.
APPENDIX 1 | |||||||
S/No. | Property Name | Market Valuation | Valuer | ||||
(Local currency) | |||||||
Singapore | |||||||
1 | 25 | Pandan Crescent | SGD | 56,800,000 | |||
2 | 19 | Senoko Loop | SGD | 19,000,000 | |||
3 | 61 | Alps Avenue | SGD | 16,700,000 | |||
(formerly known as Expeditors) | |||||||
4 | Allied Telesis | SGD | 24,000,000 | ||||
5 | Mapletree Benoi Logistics Hub | SGD | 137,800,000 | ||||
6 | 37 | Penjuru Lane | SGD | 4,650,000 | |||
7 | 6 Changi South Lane | SGD | 23,300,000 | ||||
8 | 70 | Alps Avenue | SGD | 25,000,000 | |||
9 | 60 | Alps Avenue | SGD | 13,300,000 | |||
10 | Ban Teck Han | SGD | 25,000,000 | ||||
11 | Mapletree Logistics Hub, Toh Guan | SGD | 153,000,000 | ||||
12 | 50 | Airport Boulevard | SGD | 20,000,000 | |||
13 | Prima | SGD | 44,500,000 | ||||
14 | Pulau Sebarok | SGD | 119,600,000 | ||||
15 | Kenyon | SGD | 23,700,000 | ||||
16 | Toppan | SGD | 18,000,000 | ||||
17 | 39 | Changi South Avenue 2 | SGD | 10,550,000 | |||
18 | 2 Serangoon North Avenue 5 | SGD | 54,300,000 | ||||
19 | 10 | Changi South Street 3 | SGD | 17,800,000 | |||
20 | 85 | Defu Lane 10 | SGD | 14,000,000 | |||
21 | 31 | Penjuru Lane | SGD | 9,200,000 | |||
22 | 8 Changi South Lane | SGD | 16,500,000 | ||||
23 | 138 Joo Seng Road | SGD | 17,000,000 | ||||
24 | 4 Tuas Avenue 5 | SGD | 13,000,000 | Savills Valuation and | |||
25 | Jurong Logistics Hub | SGD | 265,000,000 | ||||
Professional | |||||||
26 | 3 Changi South Lane | SGD | 15,800,000 | ||||
Services (S) Pte Ltd | |||||||
27 | 1 Genting Lane | SGD | 12,000,000 | ||||
28 | 521 Bukit Batok Street 23 | SGD | 22,300,000 | ||||
29 | 6 Marsiling Lane | SGD | 21,900,000 | ||||
30 | 31 | & 33 Pioneer Road North | SGD | 7,800,000 | |||
31 | 119 Neythal Road | SGD | 12,000,000 | ||||
32 | 30 | Tuas South Avenue 8 | SGD | 8,300,000 | |||
33 | 8 Tuas View Square | SGD | 7,700,000 | ||||
34 | Pioneer Districentre | SGD | 11,600,000 | ||||
35 | Mapletree Pioneer Logistics Hub | SGD | 121,700,000 | ||||
36 | 3A Jalan Terusan | SGD | 15,700,000 | ||||
37 | 30 Boon Lay Way | SGD | 20,000,000 | ||||
38 | Menlo (Benoi) | SGD | 4,700,000 | ||||
39 | SH Cogent (Penjuru Close) | SGD | 37,200,000 | ||||
40 | 15 | Changi South Street 2 | SGD | 30,500,000 | |||
41 | Natural Cool Lifestyle Hub | SGD | 54,100,000 | ||||
42 | 73 | Tuas South Avenue 1 | SGD | 15,200,000 | |||
43 | 51 | Benoi Road | SGD | 40,500,000 | |||
44 | 44 | & 46 Changi South Street 1 | SGD | 13,200,000 | |||
45 | 36 | Loyang Drive | SGD | 15,000,000 | |||
46 | 15A Tuas Avenue 18 | SGD | 17,200,000 | ||||
47 | 190A Pandan Loop | SGD | 32,700,000 | ||||
48 | 4 Pandan Avenue | SGD | 127,700,000 | ||||
49 | 52 | Tanjong Penjuru | SGD | 192,000,000 | |||
50 | 6 Fishery Port Road | SGD | 272,000,000 | ||||
51 | 5A Toh Guan Rd East | SGD | 126,400,000 | ||||
2
APPENDIX 1 | ||||||||
Singapore (continued) | ||||||||
Savills Valuation and | ||||||||
52 | 38 Tanjong Penjuru | SGD | 83,900,000 | Professional | ||||
Services (S) Pte Ltd | ||||||||
Singapore Sub-total | SGD | 2,480,800,000 | ||||||
Hong Kong SAR | ||||||||
53 | Tsuen Wan No.1 | HKD | 562,500,000 | |||||
54 | Shatin No. 2 | HKD | 977,500,000 | |||||
55 | Shatin No. 3 | HKD | 1,943,500,000 | |||||
56 | Shatin No. 4 | HKD | 2,302,500,000 | Jones Lang LaSalle | ||||
57 | Bossini Logistics Centre | HKD | 441,500,000 | |||||
Limited | ||||||||
58 | 1 Wang Wo Tsai Street | HKD | 819,000,000 | |||||
59 | Grandtech Centre | HKD | 2,244,000,000 | |||||
60 | Shatin No. 5 | HKD | 273,500,000 | |||||
61 | Mapletree Logistics Hub Tsing Yi | HKD | 5,820,500,000 | |||||
Hong Kong SAR Sub-total | HKD | 15,384,500,000 | ||||||
China | ||||||||
62 | Mapletree Ouluo Logistics Park | CNY | 533,000,000 | |||||
63 | Mapletree Xi'an Logistics Park | CNY | 68,000,000 | |||||
64 | Mapletree American Industrial Park | CNY | 316,000,000 | |||||
65 | Mapletree Northwest Logistics Park (Phase 1) | CNY | 190,000,000 | Knight Frank Petty | ||||
66 | MapletreeNorthwest Logistics Park (Phase 2) | CNY | 67,000,000 | |||||
Limited | ||||||||
67 | Mapletree (Wuxi) Logistics Park | CNY | 149,000,000 | |||||
68 | Mapletree Zhengzhou Logistics Park | CNY | 257,000,000 | |||||
69 | Mapletree Yangshan Bonded Logistics | CNY | 247,000,000 | |||||
Warehouses | ||||||||
70 | Mapletree Fengdong (Xi'an) Industrial Park | CNY | 381,000,000 | |||||
71 | Mapletree Wuxi New District Logistics Park | CNY | 537,000,000 | |||||
72 | Mapletree Changshu Logistics Park | CNY | 233,000,000 | |||||
73 | Mapletree Tianjin Wuqing Logistics Park | CNY | 127,000,000 | |||||
74 | Mapletree Changsha Logistics Park Phase I | CNY | 360,000,000 | |||||
75 | Mapletree Nantong Chongchuan Logistics | CNY | 297,000,000 | |||||
Park | ||||||||
76 | Mapletree Hangzhou Logistics Park | CNY | 483,000,000 | Jones Lang LaSalle | ||||
Corporate Appraisal | ||||||||
77 | Mapletree Wuhan Yangluo Logistics Park | CNY | 283,000,000 | |||||
and Advisory Limited | ||||||||
78 | Mapletree Jiaxing Logistics Park | CNY | 186,000,000 | |||||
79 | Mapletree Nanchang Logistics Park | CNY | 251,000,000 | |||||
80 | Mapletree Zhenjiang Logistics Park | CNY | 478,000,000 | |||||
81 | Chengdu DC Logistics Park | CNY | 116,000,000 | |||||
82 | Mapletree Shenyang Logistics Park | CNY | 153,000,000 | |||||
83 | Mapletree Changsha Industrial Park (Phase 2) | CNY | 445,000,000 | |||||
84 | Mapletree Jinan International Logistics Park | CNY | 380,000,000 | |||||
85 | Mapletree (Cixi) Logistics Park | CNY | 508,000,000 | |||||
86 | Mapletree Nantong (EDZ) Logistics Park | CNY | 248,000,000 | |||||
87 | Mapletree Tianjin Xiqing Logistics Park | CNY | 232,000,000 | |||||
Knight Frank Petty | ||||||||
88 | Mapletree Chengdu Qingbaijiang Logistics | CNY | 451,000,000 | |||||
Park | Limited | |||||||
89 | Mapletree Huangdao Logistics Park | CNY | 275,000,000 | |||||
90 | Mapletree Guizhou Longli Logistics Park | CNY | 218,000,000 | |||||
91 | Mapletree Changsha Airport Logistics Park | CNY | 209,000,000 | |||||
China Sub-total | CNY | 8,678,000,000 | ||||||
Japan | ||||||||
92 | Ayase Centre | JPY | 1,390,000,000 | |||||
93 | Kyoto Centre | JPY | 7,920,000,000 | CBRE K.K. | ||||
94 | Funabashi Centre | JPY | 4,734,000,000 | |||||
95 | Kashiwa Centre | JPY | 8,070,000,000 |
3
APPENDIX 1
Japan (continued)
96 | Shonan Centre | JPY | 7,833,000,000 | ||||
97 | Sendai Centre | JPY | 1,740,000,000 | ||||
98 | Iwatsuki Centre1 | JPY | 380,000,000 | ||||
99 | Noda Centre | JPY | 6,819,000,000 | ||||
100 | Toki Centre | JPY | 1,770,000,000 | CBRE K.K. | |||
101 | Hiroshima Centre | JPY | 9,395,000,000 | ||||
102 | Eniwa Centre | JPY | 1,650,000,000 | ||||
103 | Sano Centre | JPY | 1,210,000,000 | ||||
104 | Moriya Centre | JPY | 7,470,000,000 | ||||
105 | Mizuhomachi Centre | JPY | 4,684,000,000 | ||||
106 | Aichi Miyoshi Centre | JPY | 1,290,000,000 | ||||
107 | Kyotanabe Centre | JPY | 2,750,000,000 | ||||
108 | Mapletree Kobe Logistics Centre | JPY | 22,600,000,000 | JLL Morii Valuation & | |||
Advisory K.K. | |||||||
109 | Higashi Hiroshima Centre | JPY | 6,650,000,000 | Cushman & | |||
Wakefield K.K. | |||||||
Japan Sub-total | JPY | 98,355,000,000 | |||||
South Korea | |||||||
110 | Mapletree Logistics Centre - Yeoju | KRW | 8,300,000,000 | ||||
111 | Mapletree Logistics Centre - Baekam1 | KRW | 40,800,000,000 | ||||
112 | Mapletree Logistics Centre - Iljuk | KRW | 28,800,000,000 | ||||
113 | Mapletree Logistics Hub - Pyeongtaek | KRW | 81,800,000,000 | ||||
114 | Mapletree Logistics Centre - Anseong Cold | KRW | 24,300,000,000 | ||||
115 | Mapletree Logistics Centre - Yongin Cold | KRW | 24,200,000,000 | CBRE Korea Co. Ltd. | |||
116 | Mapletree Logistics Centre - Namanseong | KRW | 27,800,000,000 | ||||
117 | Mapletree Logistics Centre - Seoicheon | KRW | 47,200,000,000 | ||||
118 | Mapletree Logistics Centre- Baekam 2 | KRW | 36,900,000,000 | ||||
119 | Mapletree Logistics Centre - Majang 1 | KRW | 31,200,000,000 | ||||
120 | Mapletree Logistics Centre - Hobeob 1 | KRW | 24,900,000,000 | ||||
121 | Mapletree Logistics Centre - Wonsam 1 | KRW | 51,900,000,000 | ||||
122 | Mapletree Logistics Centre - Hobeob 2 | KRW | 46,700,000,000 | ||||
123 | Mapletree Logistics Centre - Hobeob 32 | KRW | 117,800,000,000 | ||||
124 | Mapletree Logistics Centre - Baekam 3 2 | KRW | 62,900,000,000 | Chestertons Korea | |||
125 | Mapletree Logistics Centre - Iljuk 22 | KRW | 52,300,000,000 | ||||
Co., Ltd. | |||||||
126 | Mapletree Logistics Centre - Daewol 12 | KRW | 29,800,000,000 | ||||
127 | Mapletree Logistics Centre - Majang 22 | KRW | 27,900,000,000 | ||||
South Korea Sub-total | KRW | 765,500,000,000 | |||||
Australia | |||||||
128 | Coles Chilled Distribution Centre, NSW | AUD | 313,000,000 | ||||
129 | 114 Kurrajong Avenue & 9 Coventry Place, | AUD | 31,700,000 | Knight Frank NSW | |||
Mount Druitt, NSW | |||||||
Valuations & | |||||||
130 | 53 Britton Street, Smithfield, NSW | AUD | 35,300,000 | ||||
Advisory Pty Ltd | |||||||
131 | 405-407 Victoria Street, Wetherill Park, NSW | AUD | 24,900,000 | ||||
132 | 3 Distillers Place, Huntingwood, NSW | AUD | 22,500,000 | ||||
133 | 99-103 William Angliss Drive, Laverton North, | AUD | 41,050,000 | ||||
VIC | Knight Frank | ||||||
134 | 213 Robinsons Road, Ravenhall, VIC | AUD | 30,500,000 | ||||
Valuation & Advisory | |||||||
135 | 365 Fitzgerald Road, Derrimut, VIC | AUD | 20,250,000 | Victoria | |||
136 | 28 Bilston Drive, Barnawartha North, VIC | AUD | 68,000,000 | ||||
- This reflects the value for the land at Iwatsuki A following the divestment of Iwatsuki B in April 2019.
- Mapletree Logistics Centre - Hobeob 3, Mapletree Logistics Centre - Baekam 3, Mapletree Logistics Centre - Iljuk 2, Mapletree Logistics Centre - Daewol 1, and Mapletree Logistics Centre - Majang 2 were acquired in March 2021. Independent full valuations for the five properties as at 13 January 2021 and a comfort letter dated as at 31 March 2021 were obtained from Chestertons Korea Co., Ltd.
4
APPENDIX 1 | |||||||||
Australia (continued) | |||||||||
Coles Brisbane Distribution Centre, 44 | Knight Frank | ||||||||
137 | AUD | 107,500,000 | Valuation & Advisory | ||||||
Stradbroke Street, Heathwood, QLD | |||||||||
Queensland | |||||||||
Knight Frank | |||||||||
138 | 15 Botero Place, Truganina, VIC | AUD | 21,000,000 | Valuation & Advisory | |||||
Victoria | |||||||||
139 | 338 Bradman Street, Brisbane, QLD | AUD | 117,500,000 | Savills Valuations Pty | |||||
Ltd | |||||||||
Australia Sub-total | AUD | 833,200,000 | |||||||
Malaysia | |||||||||
140 | Pancuran | MYR | 71,800,000 | ||||||
141 | Zentraline | MYR | 35,700,000 | ||||||
142 | Subang 1 | MYR | 28,400,000 | ||||||
143 | Subang 2 | MYR | 21,800,000 | ||||||
144 | Chee Wah | MYR | 20,300,000 | ||||||
145 | Subang 3 | MYR | 23,600,000 | ||||||
146 | Subang 4 | MYR | 11,400,000 | First Pacific Valuers | |||||
147 | Linfox | MYR | 53,700,000 | Property Consultants | |||||
Sdn Bhd | |||||||||
148 | Century | MYR | 49,900,000 | ||||||
149 | G-Force | MYR | 45,200,000 | ||||||
150 | Celestica Hub | MYR | 42,500,000 | ||||||
151 | Padi Warehouse | MYR | 21,800,000 | ||||||
152 | Flexhub | MYR | 106,600,000 | ||||||
153 | Mapletree Shah Alam Logistics Park | MYR | 194,800,000 | ||||||
154 | Mapletree Logistics Hub - Shah Alam | MYR | 839,000,000 | ||||||
Malaysia Sub-total | MYR | 1,566,500,000 | |||||||
Vietnam | |||||||||
155 | Mapletree Logistics Centre | VND | 222,900,000,000 | ||||||
156 | Mapletree Logistics Park Bac Ninh Phase 1 | VND | 432,200,000,000 | ||||||
157 | Mapletree Logistics Park Phase 2 | VND | 418,500,000,000 | Jones Lang LaSalle | |||||
158 | Unilever VSIP Distribution Centre | VND | 762,600,000,000 | ||||||
Vietnam Co., Ltd. | |||||||||
159 | Mapletree Logistics Park Bac Ninh Phase 2 | VND | 398,400,000,000 | ||||||
160 | Mapletree Logistics Park Phase 1 | VND | 491,700,000,000 | ||||||
161 | Mapletree Logistics Park Bac Ninh Phase 3 | VND | 521,500,000,000 | ||||||
Vietnam Sub-total | VND | 3,247,800,000,000 | |||||||
India | |||||||||
KSH Infra Industrial Park located at Plot No. | |||||||||
162 | P-5, Chakan MIDC Phase - II, | INR | 4,179,000,000 | ||||||
Pune, Maharashtra3 | Savills Property | ||||||||
KSH Infra Industrial Park located at Plot No. | Services (India) Pvt. | ||||||||
163 | P-12, Talegaon Floriculture and | INR | 548,000,000 | Ltd. | |||||
Industrial Park, MIDC, Talegaon, Pune, | |||||||||
Maharashtra3 | |||||||||
India Sub-total | IND | 4,727,000,000 | |||||||
PORTFOLIO TOTAL (163 PROPERTIES) | SGD | 10,706,799,066 | |||||||
*Based on the prevailing exchange rates for the financial year ended 31 March 2021:
Exchange rates:
JPY | HKD | CNY | KRW | MYR | VND | AUD | INR |
80.94 | 5.79 | 4.84 | 844.67 | 3.06 | 17,211.70 | 0.96 | 54.23 |
3 KSH Infra Industrial Park located at Plot No. P-5, Chakan MIDC Phase - II, Pune, Maharashtra and KSH Infra Industrial Park located at Plot No. P-12, Talegaon Floriculture and Industrial Park, MIDC, Talegaon, Pune, Maharashtra were acquired on 25 March 2021. Independent full valuations for the two properties as at 2 March 2021 were obtained from Savills Property Services (India) Pvt. Ltd.
5
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Mapletree Logistics Trust published this content on 21 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 April 2021 09:57:01 UTC.