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28-02-2022, 11:51 PM
Mapletree Logistics Trust to acquire Baeksa Logistics Centre in South Korea for 88.5b won
THE manager of Mapletree Logistics Trust (MLT) has announced a proposed acquisition of Baeksa Logistics Centre in South Korea for 88.5 billion won (S$100.3 million).
The real estate investment trust (Reit) will expand its presence in South Korea with the acquisition, it said in a bourse filing on Monday evening (Feb 28).
The property is located within the established Yongin-Icheon logistics hub that serves the Seoul Metropolitan Area. It is a 4-storey single-block dry logistics facility with a total gross floor area of over 41,100 sq m on 30,000 sq m of freehold land. It has been built with specifications such as strong floor loading of over 20 KiloNewtons per sq m, direct ramp access and spacious docking yards to facilitate logistics operations.
https://www.businesstimes.com.sg/compani...-korea-for
THE manager of Mapletree Logistics Trust (MLT) has announced a proposed acquisition of Baeksa Logistics Centre in South Korea for 88.5 billion won (S$100.3 million).
The real estate investment trust (Reit) will expand its presence in South Korea with the acquisition, it said in a bourse filing on Monday evening (Feb 28).
The property is located within the established Yongin-Icheon logistics hub that serves the Seoul Metropolitan Area. It is a 4-storey single-block dry logistics facility with a total gross floor area of over 41,100 sq m on 30,000 sq m of freehold land. It has been built with specifications such as strong floor loading of over 20 KiloNewtons per sq m, direct ramp access and spacious docking yards to facilitate logistics operations.
https://www.businesstimes.com.sg/compani...-korea-for
