Summary: Mapletree Industrial Trust (MIT) sold three Singapore industrial properties to Brookfield Asset Management for $535.3 million. The assets, including The Strategy, The Synergy, and the Woodlands Central Cluster, were sold at a premium and represent a 22.1% increase from MIT’s original investment cost. The net proceeds will be used to reduce debt and improve financial flexibility for future investments.

Link: https://www.straitstimes.com/business/companies-markets/mapletree-industrial-trust-sells-three-singapore-properties-for-535-3-million