MLT's ramp-up warehouse at Benoi Sector set to be completed by 3QFY14

Development projects to drive growth.

According to DBS, Mapletree Logistics Trust continues to execute strongly through its development arm – the completion of its new 1m sqft ramp-up warehouse at Benoi Sector is on track to complete by 3QFY14 and will start contributing soon.

Here's more from DBS:

In addition, the Manager has unveiled a new development project at 5B Toh Guan Road East, involving maximizing of the site’s plot ratio to 2.5x (from 0.93x), thereby creating an enlarged c600 sqft warehouse (the Manager expects to spend cS$100m on this development which we have factored in). In addition, the manager alludes to more of such value-enhancing redevelopment opportunities that can be executed upon in the medium term.