Stocks to watch: Mapletree Logistics Trust, Keppel Reit

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Oct 14):

Mapletree Logistics Trust : The manager of Mapletree Logistics Trust on Monday announced that it had completed the divestment of an Australian property. Located in Victoria, Australia, the logistics property was sold for A$60 million (S$50.4 million). Following this divestment, the trust’s portfolio comprises 174 properties and the total value of its assets under management is S$13 billion. Units of Mapletree Logistics Trust closed flat on Monday at S$1.26, before the announcement.

Keppel Real Estate Investment Trust (Reit) : The manager of Reit on Monday announced that its private placement to raise S$113 million for a Sydney mall acquisition was approved. The 115 million units, issued at S$0.983 per unit, are expected to commence trading on Friday. The Reit is buying a 75 per cent stake in Top Ryde City Shopping Centre in Sydney – its first pure-play retail purchase. Units of Keppel Reit closed flat on Monday at S$1, before the announcement.