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Mapletree Logistics to divest Shanghai facility for 330M yuan

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Mapletree Logistics to divest Shanghai facility for 330M yuan

Mapletree Logistics Trust agreed to sell its 100% equity interest in a logistics facility in Shanghai to a unit of GDS Holdings Ltd. for 330 million yuan.

The Mapletree Waigaoqiao Logistics Park, located at an approximately 19,571-square-meter plot within the Waigaoqiao Free Trade Zone in Pudong New District, Shanghai, comprises a part three-story and part six-story warehouse with a gross floor area of 37,698 square meters.

Mapletree Logistics will distribute the divestment gain from the transaction to unit holders. GDS Holdings will pay the full consideration in cash, according to a Dec. 26 media release.

As of Dec. 26, US$1 was equivalent to 7.00 yuan.