||Singapore : Mapletree Logistics Trust to Acquire Logistics Property in South Korea for Krw37.85 Billion
||Mapletree Logistics Trust Management Ltd. (MLTM), as Manager of Mapletree Logistics Trust (MLT), wishes to announce the proposed acquisition of a logistics property in South Korea, Wonjin Logistics Centre (the Property), from Wonjin Logistics Co., Ltd. (Wonjin Logistics) for KRW37.85 billion (~S$46.4 million1 )(the Acquisition).
Ms Ng Kiat, Chief Executive Officer of MLTM, said, We are excited to expand our network in South Korea, the fourth largest 3PL market in Asia Pacific, to support our customers growing demand for quality logistics space in prime locations. Following this acquisition, MLT will have 11 properties in Gyeonggi-do serving the Seoul metropolitan area and a total of 12 properties with over 350,000 sqm of leasable space in South Korea.
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