Mapletree Logistics Trust completed the acquisition of Mapletree Wuxi Logistics Park from Mapletree Investments Pte Ltd.
The acquisition is expected to generate an initial net property income yield of approximately 8%, higher than the implied property yield of 6% for MLT's existing China portfolio. It is also expected to be accretive at the distribution level. HSBC Institutional Trust Services (Singapore) Limited acted as a as trustee of Mapletree Logistics Trust. Vigers Appraisal and Consulting Co. Ltd and Savills Property Services (Shanghai) Co. Ltd acted as valuers in the deal.
Mapletree Logistics Trust (SGX:M44U) completed the acquisition of Mapletree Wuxi Logistics Park from Mapletree Investments Pte Ltd. on January 11, 2013.