Mapletree acquires five properties in South Korea

Uploaded By:  Paul Howell Submitted By:  Paul Howell Case Study:  No The acquisition was first announced on 15 February. Mapletree Logistics Trust (MLT) has completed the acquisition of five logistic properties in South Korea with a total value of $334.8m. According to an announcement posted by the Singapore Exchange, MLT now indirectly wholly owns CoreLogis and Gwan-ri through a 99.9% interest in the logistics assets known as AbleLogis, Bukuk and Dongsan (REF Properties). The properties have a total gross floor area of 150,000 square metres with an initial net property income yield of 4.5%.