SINGAPORE, Nov 23 (Bloomberg): Singapore’s Mapletree Logistics Trust is set to acquire assets across China, Japan and Vietnam in deals worth over S$1.4 billion (US$1.03 billion) amid growing consumption of e-commerce in those markets.
The real estate investment trust is purchasing 13 logistics properties in China valued at S$870 million, while the proposed acquisitions of three similar assets in Vietnam are worth S$129.9 million, according to a filing on the Singapore Exchange late Monday. In Japan, Mapletree Logistics agreed to buy a logistics facility for S$416.3 million.