MLT is targeting divestments of S$100 million to S$150 million across its portfolio in FY2026
[SINGAPORE] Mapletree Logistics Trust (MLT) is seeing “slightly better” interest in its China assets, with its manager noting that lower borrowing costs are helping to accelerate its planned divestments in the market.
The logistics-focused real estate investment trust (Reit) had previously outlined plans to divest about S$1 billion worth of assets, of which about half would come from China and Hong Kong. The rest will be drawn from Malaysia, Singapore and, to a smaller extent, Australia, Japan and South Korea.
Providing an update on Wednesday (Oct 29) at its second-quarter financial results briefing, Jean Kam, chief executive officer of the manager, said the Reit is targeting divestments of between S$100 million and S$150 million across its portfolio for the current financial year.
