Mapletree Logistics Trust to divest three Malaysian properties for RM157.5m

• According to the trust, the proposed divestments are in line with the manager’s strategy to “rejuvenate” its portfolio through selective divestments

SINGAPORE (Sept 10): Mapletree Logistics Trust (MLT) has proposed to divest three of its properties in Malaysia for RM157.5 million.

On Tuesday, MLT’s manager announced that the trust’s trustee, HSBC Institutional Trust Services (Singapore) Ltd, had entered into separate conditional sale and purchase agreements with third-party buyers to divest its Linfox, Celestica Hub and Zentraline properties in Malaysia.

According to the trust, the proposed divestments are in line with the manager’s strategy to “rejuvenate” its portfolio through selective divestments (click here for the full story on theedgesingapore.com).

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