MapletreeLog completes acquisition of 2nd property in Korea for KRW 28 billion - 14 SEP 2010

MapletreeLog completes acquisition of 2nd property in Korea for KRW 28 billion. This is a follow up to the announcement in august: Mapletreelog gains further foothold in South Korea with second property.

• Press Release

Key Points

• Further to its press release dated 22 August 2010 to acquire the property Multi-Q Centre in Gyeonggi-do, South Korea for a purchase price of KRW 28 billion (approximately S$32 million), Mapletree Logistics Trust Management Ltd., as manager of Mapletree Logistics Trust is pleased to announce that the acquisition was completed on 14 Sep 2010.
• With this acquisition, Mapletree Logistics Trust now has 88 properties with 50 properties in Singapore, 8 in Hong Kong, 6 in China, 11 in Malaysia, 10 in Japan, 2 in South Korea and 1 in Vietnam; with total book value of these properties standing at approximately $3.12 billion.