On 22^nd November 2021 just before midnight, Mapletree Logistics Trust (MLT) announced the following acquisitions of 17 Grade A logistics facilities to its portfolio:

1. 13 properties in China for RMB4.16 billion (S$880.6 million) – acquired at 1.2% discount to valuation
2. 3 properties in Vietnam for US$97.9 million (S$132.7 million) – acquired at 0.8% discount to valuation
3. 1 property in Japan for JPY35,000 million (S$416.3 million) – acquired at 1.7% discount to valuation

China – These were acquired from the Sponsor with the properties having an average land tenure of 45 years. The properties have an average age of 1.5 years. The China properties are mainly in the fast growing northeast region of China which are well positioned to capture growth in domestic consumption backed by rising e-commerce sales. Vietnam – These were acquired from the Sponsor with the properties having an average land tenure of 36 years. The properties have an...