The net sale price of A$60.0 million is 7.1% above the latest valuation of A$56.0 million as March 31, and will be satisfied in cash.
The proposed divestment is expected to be completed by 3QFY2025/2026, and is not expected to have impact on the REIT’s net asset value or net property income for the FY2025/2026.
Following the divestment, the portfolio of MLT will consist of 174 properties.
Units in MLT closed 1 cent higher or 0.87% up at $1.16 on Aug 13.
