February 21, 2017 / 12:55 PM / 9 months ago

BRIEF-Mapletree Logistics Trust updates on proposed divestment of property

Feb 21 (Reuters) - Mapletree Logistics Trust

* HSBC Institutional Trust Services (Singapore) limited has entered into an option to purchase agreement with Toh Tuck

* Deal for proposed divestment of 20 old toh tuck road in singapore at a sale consideration of S$14.25 million

* Sale expected to have minimal impact on MLT’s net asset value and net property income for FY16/17

* Sale proceeds will be used to reduce existing debt Source text for Eikon: Further company coverage:

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