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Mapletree Logistics Trust Acquires Distribution Centre In Australia For AUD253 Million
Mapletree Logistics Trust has acquired a freehold cold store warehouse located at Eastern Creek, New South Wales, Australia for AUD253 million.
The property which comprises two blocks of single-storey cold store warehousing facilities with a total gross floor area (gfa) of 55,395 square metres (sqm), is sited on 165,200 sqm of land, of which 15,000 sqm of reserve land can potentially yield an additional gfa of 7,000 sqm for future expansion.
The property was built for Coles Group, Australia’s second largest supermarket chain, and has an agreed 20-year lease until June 2034 in place with Coles.
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