Mapletree Logistics Trust to lease newly-bought Vietnamese warehouse to Unilever

It bought a warehouse in Binh Duong province for $43m.

Mapletree Logistics Trust (MLT) signed an agreement with Unilever Vietnam to buy a warehouse in Vietnam-Singapore Industrial Park I (VSIP I), Binh Duong province, Vietnam for $43m (VND725.1b). Under the agreement, the property will be leased to Unilever Vietnam for 10 years.

According to an announcement, the property is designed with Grade A building specifications including a clear height of 10 metres and floor loading capacity of 30kN/sqm. It has a gross floor area of 66,800 sqm and a land area of 101,200 sqm.

The property’s location in VSIP I is a warehouse area that is approximately 17 km or 40 minutes’ drive from Ho Chi Minh City.

MLT expects the acquisition to generate an initial net property income (NPI) yield of 8.3%. The purchase will be funded by debt and is expected to be completed by Q4 of FY2018/2919.

Upon completion, MLT’s total portfolio will comprise 140 properties with a book value of approximately $7.7b.

Also Read

SingPost brings service closer to commuters

Industrial landlords offer flexibility amidst softer demand

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit