pstrongIt sold the 25-year-old property above valuation./strong/p pMapletree Logistics Trust (MLT) will divest 30 Tuas South Avenue 8 for $10.5m, 10.5% above its latest valuation of $9.5m./p pMLT expects to complete the divestment by 1Q24/25.
Mapletree Logistics Trust will divest 30 Tuas South Avenue 8 for $10.5m, 10.5% above its latest valuation of $9.5m.The REIT said the divestment will provide “greater financial flexibility to pursue investment opportunities in high specification, modern logistics facilities with higher growth potential.”
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Mapletree Logistics Trust's DPU declines 2.5% YoY in 4Q23/24 despite higher NPIpstrongNPI for the period was 0.6% YoY higher./strong/p pMapletree Logistics Trust (MLT) reported a 2.5% YoY lower available distribution per unit (DPU) of $0.02211 in 4QFY23/24 despite higher net property income (NPI) and amount distributable to unitholders.
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Daiwa House Logistics Trust NPI up 4.6% YoY in 1Q24pstrongIts gross rental income also rose 1.9%./strong/p pSGX-listed Daiwa House Logistics Trust (DHLT) registered a net property income of JPY1.2b ($8.74m) in 1Q24, reflecting a 4.6% YoY increase./p pThe company attributed its improved performance to higher portfolio occupancy./p pGross rental income rose 1.9% YoY to JPY1.
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Man fined after seizure of over 1,200kg of illegally imported frozen poultry from MalaysiaA consignment of frozen poultry, falsely declared as processed food, was detected at Tuas Checkpoint.
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5 injured after lorry making illegal U-turn hits bus along Tuas Second LinkA bus driver and four passengers were taken to hospital after an accident involving a lorry and a Causeway Link bus heading from Singapore to Malaysia via the Tuas Second Link. The accident occurred at around 10pm on Thursday (May 9), reported Malaysian news outlet Oriental Daily. The lorry was reportedly making an illegal U-turn and it hit a bus,.
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Japanese electronics firm Epson to wind down Tuas plant, 350 workers affected in consolidation driveIt plans to scale back activities at its Tuas plant and transfer part of the plant’s operations to other facilities overseas by 2027
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Food factory at 30 & 32 Tuas Avenue 12 up for sale for $19.0mpbJLL is selling the property via private treaty./b/p pJLL announced the sale of a detached food factory at 30 & 32 Tuas Avenue 12 via private treaty. The asset has an indicative price of $19.0m./p pThe factory sits on a site area spanning 97,095 sq ft.
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