MLT:
- Reportedly secured a sizeable lease at Mapletree Logistics Hub from US eCommerce retailer Amazon.
- The site is expected to serve as a fulfilment centre for Amazon's eCommerce business, expected to commence operations in 1Q17.
- The new lease will help raise MLT's portfolio occupancy by an estimated 0.3ppts from 96.4%.
- At $1.02, MLT trades at 7.3% annualised yield and 1.06x P/B.
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