Mapletree Ind Trust divests three local assets, realizing HKD 535 million
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Mapletree Ind Trust has reached an agreement with Brookfield Asset Management to divest three industrial real estate projects in Singapore, realizing SGD 535 million. This transaction is expected to be completed in the third quarter, with a sale price at a premium of 2.6% over the valuation. The management company stated that this divestment will help optimize asset allocation, maintain financial flexibility, and the proceeds will be used to repay debt and reduce leverage ratios. After the divestment, the trust's overall leverage ratio will decrease from 40.1% to 37%
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