Mapletree Logistics Trust (MLT) completed the divestment of Subang 2 for RM31.5 million ($9.52 million) to an unrelated third party, on July 17.
The trust first entered an agreement through its special purpose vehicle, to divest the property on Jan 3. The property is a single-storey warehouse, and an annex three-storey office with a building age over 27 years and a net lettable area of 8,297 square metres.
Following this divestment, MLT’s portfolio stands at 176 properties and the total value of assets under management is $13.2 billion.
Units in MLT closed flat at $1.18 on July 17.
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