226 views
Photo from Shutterstock

MLT divests 8 Tuas View Square for $11.18m

The divestment is part of MLT’s portfolio rejuvenation.

Mapletree Logistics Trust (MLT) has entered into a purchase agreement with an unrelated third party for the proposed divestment of 8 Tuas View Square in Singapore for $11.18m.

Completed in May 2002, the property is a three-storey cargo lift warehouse and factory building with an ancillary office.

It has a net lettable area of approximately 4,405 sq m on a land site of approximately 4,497 sq m. The sale price of $11.18m is 39.8% above the latest valuation of $8.0m as of 5 November 2024.

The proposed divestment is part of MLT’s portfolio rejuvenation through selective divestments of assets that are no longer aligned with its strategy.

It is expected to be completed by Q1 FY25/26 and is not expected to have a material impact on MLT’s net asset value and net property income for FY25/26. 

Proceeds from the divestments will be used to invest in high-specification, modern logistics facilities with higher growth potential. Following the divestment, MLT’s portfolio will consist of 177 properties.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!