Flexhub is located in Senai, Johor, with a total net lettable area of 63,175 square metres. The property comprises a single-storey industrial building with annexed office space.
The proposed sale price for Flexhub stood at RM125.1 million, which was 7.4% above the latest valuation of RM116.5 million, as at Oct 1, 2023.
Following the divestment, MLT’s portfolio currently stands at 186 properties, comprising 47 properties in Singapore, 14 in Australia, 43 in China, 24 in Japan, 13 in Malaysia, 21 in South Korea, 12 in Vietnam, nine in Hong Kong, and three in India.
The REIT’s total value of assets under management stands at $13.3 billion.
See also: SGX gives approval-in-principle to FHT to delist
Units in MLT closed 1 cent lower, or down 0.69%, at $1.43 on Sept 23.
