About MLT
Kuwana
Milestones
  • Continued Portfolio Rejuvenation
    FY24/25
  • Accelerating portfolio rejuvenation

    FY23/24
  • Maintaining portfolio stability

    FY22/23
  • Deepens presence in attractive logistics markets

    FY21/22
  • Maiden entry into India

    FY20/21
  • Enhances portfolio resilience through strategic acquisitions

    FY19/20
  • Active portfolio rejuvenation

    FY18/19
  • Strengthens market position in Hong Kong SAR

    FY17/18
  • Expands presence in Australia beyond Sydney to Victoria

    FY16/17
  • Establishes strategic foothold in Australia

    FY15/16
  •  Awarded Frost & Sullivan's 2014 Asia Pacific Logistics Infrastructure Developer of the Year

    FY14/15
  • Awarded Frost & Sullivan’s 2013 Asia Pacific Logistics Infrastructure Developer of the Year

    FY13/14
  • Recognition as one of Singapore’s Top 50 Brands

    FY12/13
  • Strategic investments

    FY11/12
  • First foray into Vietnam

    FY10
  • Adopts defensive stance during the global financial crisis

    FY09
  • Establishes presence in South Korea

    FY08
  • First acquisition in Japan

    FY07
  • Maiden entry into Hong Kong SAR, China and Malaysia

    FY06
  • MLT lists on the Singapore Exchange

    2005

April - June 2024

MLT completes the acquisitions of three modern Grade A assets in Malaysia and Vietnam, positioning itself to capture demand from the growing consumption hubs of Kuala Lumpur, Ho Chi Minh City, and Hanoi.

Additionally, MLT announces the proposed divestments of 119 Neythal Road in Singapore and Mapletree Xi’an Logistics Park in China, freeing up capital for reinvestment in modern assets with higher growth potential. MLT also completes the divestments of Padi Warehouse in Malaysia and 30 Tuas South Avenue 8.

July - September 2024

MLT announces the proposed divestments of three properties in Malaysia: Linfox, Celestica Hub, and Zentraline.



 

July - September 2023

MLT divests Chee Wah and Subang 1 in Malaysia, 8 Loyang Crescent in Singapore and Moriya Centre in Japan as part of its strategy of active portfolio rejuvenation.

October – December 2023

MLT completes the divestment of Century in Malaysia and announces the proposed divestment of 10 Tuas Avenue 13 in Singapore as well as Flexhub and Padi in Malaysia. The capital released from the divestments provides MLT with greater financial flexibility to pursue investment opportunities in modern assets.

In line with its portfolio rejuvenation strategy, MLT announces the proposed acquisition of a modern Grade A warehouse in Delhi NCR, India, positioning the Trust to capture opportunities in the fast-growing logistics market underpinned by robust domestic consumption and a rising middle class.

January - March 2024 

MLT accelerates its portfolio rejuvenation with the proposed acquisitions of three modern logistics properties in Malaysia and Vietnam, valued at S$226.3 million, deepening its presence in these dynamic markets driven by consumption growth and supply chain diversification.

Additionally, MLT announces the completion of the divestment of 73 Tuas South Avenue 1 in Singapore, further aligning with its strategy to optimize the portfolio and reinvest in higher-quality assets.

April 2022

MLT acquires Baeksa Logistics Centre located in Icheon, South Korea, expanding its presence within the established Yongin-Icheon logistics hub serving the Seoul Metropolitan Area.

July 2022

MLT acquires two parcels of leasehold industrial properties located in Subang Jaya, Selangor, Malaysia, which are adjacent to MLT’s existing Subang 3 and 4. The potential amalgamation of these properties creates the opportunity for the development of the first mega modern logistics warehouse in Subang Jaya, an established logistics hub with excellent connectivity to Kuala Lumpur city centre.

MLT also announces the proposed redevelopment of 51 Benoi Road, Singapore, to a modern ramp-up facility with a 2.3 times increase in gross floor area to 82,400 sqm.

March 2023

MLT accelerates its portfolio rejuvenation strategy with the announcement of the proposed acquisitions of eight modern logistics assets in Japan, Australia and South Korea for an aggregate acquisition price of S$904.4 million. 

MLT also completes the divestment of 3 Changi South Lane in Singapore for S$22 million. 

 

 

 

November 2021

MLT increases footprint in South Korea with the acquisition of Yeoju Logistics Centre located in northern Yeoju, a newly established logistics hub in the Seoul Metropolitan Area.

MLT expands network connectivity in large growing consumption markets of China and Vietnam, with the proposed acquisition of a portfolio of 13 properties located in China and three properties located in Vietnam.

December 2021

MLT scales up presence in Greater Nagoya with the acquisition of its largest asset in Japan, a freehold modern ramp-up facility spanning over 1.7 million square feet of gross floor area.

 

 

May 2020

MLT completes the redevelopment of Mapletree Ouluo Logistics Park in Shanghai, China, transforming the asset into a modern, two-storey ramp-up facility with a 2.4 times increase in gross floor area to 80,700 sqm.

December 2020

MLT enhances its regional network presence through the acquisition of a portfolio of properties in China and Vietnam from the Sponsor, Mapletree Investments. This is followed by the acquisitions of a quality, well-located warehouse in Brisbane, Australia and a newly-built modern logistics facility in Hiroshima, Japan.

February 2021

MLT strengthens market positioning in South Korea with the acquisition of a portfolio of five modern freehold logistics properties located in Yongin-Icheon, a prime logistics cluster in the Seoul Metropolitan Area. 

March 2021

MLT makes its first foray into India with the acquisition of two modern logistics properties in Pune, Maharashtra, enhancing the Trust’s geographical diversification and network connectivity.

April 2019

MLT divests five properties with older specifications in Japan.

September 2019

MLT enters into forward purchase agreement to acquire logistics property in Australia. 

November 2019

MLT acquires two quality logistics facilities in Vietnam as well as 50% interest in four new, modern Grade A logistics facilities in China from Sponsor, Mapletree Investments Pte Ltd.

February 2020 

MLT acquires a logistics property in South Korea and strengthens footprint in Japan with the acquisition of a modern Grade A logistics facility from Sponsor.

 

 

June 2018

MLT increases footprint in China through the acquisition of 50% interest in 11 new, modern Grade A logistics facilities from Sponsor Mapletree Investments Pte Ltd.

MLT divests 7 Tai Seng Drive in Singapore. 

September 2018

MLT acquires five modern ramp-up logistics facilities in Singapore, strengthening its position as one of the largest modern specifications warehouse space provides in Singapore. 

October 2018

MLT divests 531 Bukit Batok Street 23 in Singapore. 

November 2018

MLT completes redevelopment of Mapletree Ouluo Logistics Park Phase 1 in Shanghai, China. 

MLT ramps up presence in existing markets with 2 acquisitions in Australia and South Korea.

January 2019

 MLT expands presence in Vietnam with the acquisition of a modern logistics facility. 

 

 

Mapletree Logistics Trust Management Ltd. is Frost & Sullivan’s 2018 Asia Pacific Logistics Facilities Developer of the Year.

March 2017 to September 2017

MLT divests four properties with older specifications in Japan, Singapore and Malaysia.

October 2017

MLT strengthens its market position in Hong Kong SAR with the acquisition of Mapletree Logistics Hub Tsing Yi, a high specification, modern ramp-up warehouse, from Sponsor Mapletree Investments Pte Ltd. 

January 2018  

MLT acquires remaining 38% of Hong Kong Property, Shatin No.3, a building which has the potential to be repositioned through asset enhancements to attract higher value tenants. 

MLT completes third redevelopment project in Singapore- Mapletree Pioneer Logistics Hub, a five-storey ram-up warehouse built to modern specifications. 

 

 

August & December 2016

MLT expands presence in Australia with the acquisition of a portfolio of four dry warehouse facilities in Sydney, New South Wales, followed by another portfolio of four logistics properties in Victoria, bringing the total number of properties in Australia owned and managed by the Manager to nine assets.

March 2017

MLT divests a low-yielding asset, 20 Old Toh Tuck Road, in Singapore. 

July & November 2015

MLT establishes first presence in North Vietnam with the acquisition of Mapletree Logistics Park Bac Ninh Phase 1 from Sponsor.

MLT completes divestment of 134 Joo Seng Road and 20 Tampines Street 92 in Singapore. 

August 2015

MLT establishes strategic foothold in Australia with the acquisition of Coles Chilled Distribution Centre, a premium freehold cold store warehouse in Sydney

March 2016

MLT completes its second redevelopment project in Singapore – Mapletree Logistics Hub, Toh Guan, a modern six-storey ramp-up logistics facility.

MLT completes its asset enhancement initiative at Moriya Centre in Japan which involved the construction of a four-storey extension block. 

July 2014

Mapletree Logistics Trust Management Ltd. is named one of Singapore's Top 50 Brands by Brand Finance for the third year running.

MLT received the Silver award for Best Investor Relations in the REITs & Business Trusts category at the Singapore Corporate Awards 2014.

October 2014

Mapletree Logistics Trust Management Ltd. is Frost & Sullivan’s 2014 Asia Pacific Logistics Infrastructure Developer of the Year.

March 2013

MLT announces the divestment of 30 Woodlands Loop in Singapore as part of efforts to optimise portfolio returns.

June 2013

Mapletree Logistics Trust Management Ltd. is named one of Singapore's Top 50 Brands by Brand Finance for the second year running.

October 2013

Mapletree Logistics Trust Management Ltd is Frost & Sullivan’s 2013 Asia Pacific Logistics Infrastructure Developer of the Year.

November 2013

Mapletree Benoi Logistics Hub, MLT’s first redevelopment project, receives the BCA’s Green Mark Platinum Award – the highest rating for buildings with green features in Singapore.

March 2012

MLT strengthens its balance sheet with the issuance of S$350 million 5.375% perpetual securities – a first for MLT and the Singapore REIT market.

April 2012

MLT acquires Dooil Cold Warehouse and Jungbu Cold Warehouse, marking its maiden entry into South Korea's growing cold storage warehouse market.

June 2012

Mapletree Logistics Trust Management Ltd. is named one of Singapore’s leading brands in 2012, climbing 65 places to 45th position in the 2012 Brand Finance Singapore’s Top 50 Brands.

October 2012

MLT enlarges its capital base with the introduction of a Distribution Reinvestment Plan.

January 2013

MLT makes further headway into the China market with Mapletree Wuxi Logistics Park, its third acquisition from Sponsor Mapletree Investments Pte Ltd.

April 2011

MLT announces the strategic divestments of 9 and 39 Tampines Street 92 in Singapore. Proceeds were redeployed into a better-yielding asset.

June 2011

MLT makes its fourth and largest investment in South Korea with the acquisition of KPPC Pyeongtaek Centre in Gyeonggi-do for KRW75.6 billion.

Moody’s upgrades MLT’s corporate family rating to ‘Baa1’ with a stable outlook.

August 2011

MLT clinches the Singapore Corporate Awards' Best Annual Report 2010 (Silver) for the REITs and Business Trusts category.

October 2011

Mapletree Logistics Trust Management Ltd. is named Asia Pacific Logistics Park Developer of the Year by international market research and consulting firm Frost & Sullivan – in recognition of its excellence in development and management of logistics facilities across Asia.

June 2010

MLT acquires Sendai Centre in Japan and Mapletree Logistics Centre in Vietnam, marking the start of MLT's acquisition from its Sponsor's development pipeline, as well as its first foray into Vietnam.

September 2010

MLT gains further foothold in South Korea with the acquisition of Multi-Q Centre, its second property in the well-established logistics cluster of Gyeonggi-do Province.

MLT launches an equity fund raising to raise approximately S$300 million in capital to fuel growth.

November 2009

MLT successfully launches a private placement of 115 million new units, raising approximately S$80 million to finance acquisitions in Singapore and Japan.

February 2008

MLT establishes its presence in South Korea with the acquisition of Yeoju Centre, a two-storey warehouse and distribution centre in Gyeonggi-do Province.

August 2008

MLT strengthens its balance sheet with a 3-for-4 rights issue of 831,135,129 new units, successfully raising approximately S$607 million to fund acquisitions and repay borrowings.

October 2008

Moody's affirms MLT's Baa2 rating and changes the outlook to 'Stable'.

January 2007

MLT receives overwhelming support for its equity fund raising exercise. The private placement and ATM offering, comprising an aggregate of 296.8 million new units, raised a total of S$349 million.

February 2007

MLT's maiden entry into Japan with the acquisition of Gyoda Centre in Saitama Prefecture, one of Greater Tokyo's key logistics nodes.

April 2007

MLT expands market presence in Japan with a portfolio acquisition of five logistics assets for JPY27.8 billion.

December 2007

MLT acquires a portfolio of four properties in Singapore for S$36.8 million.

January 2006

MLT raises a total of S$130 million in an ATM offering and private placement to help fund the acquisition of nine properties in Hong Kong SAR, China and Singapore.

MLT announces the acquisition of its first three Malaysia properties in Subang Jaya and Shah Alam for RM86.7 million.

March 2006

MLT is assigned a first-time corporate family rating of 'Baa1' with a stable outlook by Moody's.

October 2006

MLT is included as one of the constituent stocks of the GPR 250 Index and GPR 250 REIT Index.

MLT receives commendation in the IR Magazine South East Asia Awards 2006 for “Best Investor Relations for an IPO”.

MLT acquires Jurong Logistics Hub, its single largest acquisition in Singapore, for S$168 million.

July 2005

MLT commences trading on the Singapore Exchange as the first Asia-focused logistics REIT in Singapore. The Initial Public Offering was 43.88 times over-subscribed.

October 2005

MLT wins runner-up award under the “Most Transparent Company (New Issues)” category at the Securities Investors Association (Singapore) 6th Investors’ Choice Award 2005.

November 2005

MLT receives commendation in the IR Magazine South East Asia Awards 2005 for “Best Investor Relations for an IPO”.

MLT launches placement of 48.3 million new units to raise S$49.3 million to fund acquisitions.

MLT signs agreement to acquire its first China property, Ouluo Logistics Centre, for RMB120 million.

December 2005

MLT establishes its presence in Hong Kong with the proposed acquisition of Tsuen Wan No. 1, Shatin No. 2 and Shatin No. 3 for HK$799 million.

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