Mapletree Logistics Trust (MLT) has completed the divestment of 8 Tuas View Square for $11.18 million, a price 39.8% above its valuation as at Nov 5, according to a filing on June 12.
The property is a three-storey cargo lift warehouse and factory building with an ancillary office. It has a net lettable area of approximately 4,405 square metres (sqm).
Following this divestment, MLT’s portfolio stands at 178 properties and the total value of assets under management is $13.3 billion.
Units in MLT closed 1 cent higher or 0.893% up at $1.13 on June 12.
