MapletreeLog Completes Acquisition of 51st Property in Singapore for S$18.3 million - 25 OCT 2010

Completion of Acquisition of 51st Property in Singapore for S$18.3 million. See press release.

Key Points

• Further to its press release dated 21 September 2010 on the acquisition of AW Centre located at 73 Tuas South Avenue 1, Singapore 637600 (the “Property”) for a purchase price of S$18.3 million, Mapletree Logistics Trust Management Ltd., as manager of Mapletree Logistics Trust (“MapletreeLog”) is pleased to announce that the acquisition has been completed on 25 OCT 2010.
• The purchase price and other acquisition related costs of the Property were fully funded by proceeds raised in the latest equity fund raising exercise announced also on 21 September 2010 (the “EFR Announcement”).
• MapletreeLog’s total book value of investment properties as at 30 September 2010 (not including this acquisition) was approximately $3.36 billion. 
• With this acquisition, MapletreeLog has 92 properties comprising 51 properties in Singapore, 8 in Hong Kong, 6 in China, 11 in Malaysia, 13 in Japan, 2 in South Korea and 1 in Vietnam.