A unit of HNA Group has agreed to sell a set of five Singapore warehouses to Mapletree Logistics Trust for S$730 million ($535 million) less than seven months after acquiring the assets, according to an announcement by Mapletree on July 5th.
Mapletree Logistics Trust Buys Out Hong Kong Project for $78M
Singapore-listed Mapletree Logistics Trust is acquiring the remaining 38 percent of a logistics property in Sha Tin for HK$610 million ($78 million) and will now fully-own the strata-titled distribution facility in the residential and industrial district of Hong Kong’s northern… Read More>>
SG Private Home Sales Jump 165% in One Year and More Asia Real Estate Headlines
At the top of today’s headlines, Singapore’s housing market has rebounded with a 165 percent jump in the volume of private housing sold compared to a year ago. The housing sales surge has led to what could be the island… Read More>>
Mapletree Logistics Trust Buys Prime Hong Kong Warehouse for $618M
Singapore-listed Mapletree Logistics Trust (MLT) will add to its collection of 125 logistics assets by acquiring Mapletree Logistics Hub Tsing Yi, a modern warehouse in Hong Kong, for HK$4.8 billion ($617.6 million). The REIT, which is managed by an… Read More>>
