{
  "id": 8906789,
  "title": "MLT to sell Shanghai property Mapletree Northwest Logistics Park for US$48.2 million",
  "url": "https://urgent.news/2026/09/21/mlt-to-sell-shanghai-property-mapletree-northwest-logistics-park-for",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-21T11:14:09.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/mlt-sell-shanghai-property-mapletree-northwest-logistics-park-us48-2-million"
  },
  "original_language": "en",
  "account": "Mapletree Logistics Trust (MLT) has announced it will sell its Shanghai-based Mapletree Northwest Logistics Park for US$48.2 million to an unrelated third party. The property, consisting of two adjacent phases, was acquired by MLT in 2008 and has a combined gross floor area of approximately 37,558 square metres. HSBC Institutional Trust Services, acting as trustee for MLT, entered into a sale and purchase agreement with a wholly-owned Chinese subsidiary. The sale price is in line with the valuation price of 323 million yuan as of March 31. Following the divestment, MLT's portfolio is expected to consist of 168 properties. As of June 30, MLT manages a total of 175 properties across various countries, with assets under management valued at S$13.1 billion.",
  "summary": "The proposed sale is expected to be completed by Q3 FY2027/2028",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "New World Development gets Shanghai bourse nod for US$570 million Reit listing",
        "url": "https://urgent.news/2026/09/21/new-world-development-gets-shanghai-bourse-nod-for-us-570-million",
        "published": "2026-09-21T07:31:28.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}