Mapletree Logistics Trust (MLT) is selling an industrial asset in Australia for A$60m (€34m), as part of the Asia Pacific-focused logistics trust’s plan to offload assets that no longer fit its strategy.
The single-storey facility at Barnawartha North in regional Victoria is leased to a single tenant and is being sold at a 7% premium over the latest valuation of A$56m as at 31 March 2025.
Capital released from the divestment will provide the Singapore-listed real estate investment trust with greater financial flexibility to pursue investment opportunities in high-specification, modern logistics facilities offering higher growth potential.
Jean Kam, CEO of Mapletree Logistics Trust Management, MLT’s manager, said: “The divestment is consistent with our proactive portfolio rejuvenation strategy, and in line with our continuing efforts to mitigate single-tenant risk.
“Australia remains a key market for MLT with 13 assets post divestment, while developed markets continue to account for over 70% of MLT’s portfolio.”
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