# Mapletree Logistics Trust to sell Shanghai property for RMB323 mil

- **Source:** EdgeProp Singapore
- **Published:** 2026-09-21T12:17:51.000Z
- **Author:** EdgeProp Singapore
- **Original:** https://www.edgeprop.sg/property-news/mapletree-logistics-trust-sell-shanghai-property-rmb323-mil
- **Topics:** Commercial & Industrial, Transactions & Deals, Investment & Capital Markets

## Featured rationale

The selective divestment may increase financial flexibility for investment in modern assets while improving portfolio quality and resilience without materially affecting annual earnings.

## AI summary

Mapletree Logistics Trust agreed to sell Mapletree Northwest Logistics Park in Shanghai for RMB323 million ($61.3 million), matching its March 31 valuation.

## Original article

Singapore-listed Mapletree Logistics Trust (MLT) has inked a sale and purchase agreement with an unrelated third party to sell a logistics park in Shanghai, China, for RMB323 million ($61.3 million) — in line with its latest valuation.

Acquired by the Reit in 2008, the Mapletree Northwest Logistics Park spans a combined gross floor area of about 37,558 sq m (404,271 sq ft) and comprises two adjacent phases.

The first phase consists of two single-storey warehouses, a three-storey office block and ancillary buildings. The second phase is made up of a single-storey warehouse, a four-storey dormitory block and ancillary buildings.

Read also: Fraxtor co-invests in Greater Osaka's UIB Konan Phase 3 in first JV with listed Reit

MLT's manager said in a Sept 21 bourse filing that the proposed sale is part of its efforts to rejuvenate the portfolio through selective divestments.

Capital released from the divestment will provide the Reit with more financial flexibility to pursue investment opportunities in modern assets and also improve the quality and resilience of its portfolio, it added.

The property was valued at RMB323 million as at March 31 this year.

The proposed deal is expected to be completed by the third quarter of MLT’s FY2027/2028, and is not expected to have a material impact on its net asset value and net property income for the financial year.

Following the sale, the Reit's portfolio will consist of 168 properties across Asia Pacific.

## Chinese translation

> Translation model: grok_cli

### 丰树物流信托拟以人民币3.23亿元出售上海物业

此次拟出售物流园，是丰树物流信托重整投资组合努力的一部分。

新加坡上市的丰树物流信托（MLT）已与一名非关联第三方签署买卖协议，拟以人民币3.23亿元（新币6130万元）出售其位于中国上海的一座物流园，售价与最新估值一致。

该房地产投资信托于2008年购入的丰树西北物流园（Mapletree Northwest Logistics Park）总楼面面积约37,558平方米（404,271平方英尺），由相邻的两期组成。

一期包括两座单层仓库、一座三层办公楼及附属建筑。二期则由一座单层仓库、一座四层宿舍楼及附属建筑组成。

另读：Fraxtor首次与上市房地产投资信托合资，共同投资大大阪UIB Konan三期

丰树物流信托的管理人在9月21日的交易所公告中表示，此次拟出售是其通过选择性出售来重整投资组合努力的一部分。

它补充说，出售释放的资金将为该房地产投资信托提供更大财务灵活性，以把握现代化资产的投资机会，并提升投资组合的质量与韧性。

该物业截至今年3月31日的估值为人民币3.23亿元。

拟议交易预计将于丰树物流信托2027/2028财年第三季度完成，且预计不会对其该财政年度的资产净值和净物业收入造成重大影响。

出售完成后，该房地产投资信托的投资组合将包括亚太地区168项物业。