MLT completes acquisition in China

The Mapletree Wuxi Logistics Park is MLT’s 111th property.

The purchase consideration for the logistics development located in Wuxi New District was RMB 116 million or ~S$22.8 million.

“With Wuxi being a major manufacturing hub and its transformation into a sizeable consumer market, MWLP’s strategic location and good connectivity makes it suitable as a distribution centre for both domestic and overseas markets, thus driving strong demand for its facilities,” said the company in an announcement.

Mapletree Logistics Trust, the first Asia-focused logistics REIT in Singapore, is expanding its presence in China.

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