Mapletree Logistics Trust to sell Australian logistics property for US$20.2 million

Mapletree Logistics Trust (MLT) has agreed to sell a vacant logistics property in Derrimut, Victoria, for A$28 million (US$20.2 million), 3.7% above the asset's latest valuation of A$27 million. The property, located at 365 Fitzgerald Road, comprises two single-storey warehouses, ancillary office space, a two-storey office building, and a truck servicing workshop.

The sale is expected to be completed by Q3 of FY 2026/2027 and will provide MLT with greater financial flexibility to invest in high-specification modern logistics facilities, improving the quality and resilience of its portfolio.

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