SINGAPORE, March 12 Singapore's Mapletree
Logistics Trust said it acquired a portfolio of seven
dry warehouse facilities in Japan from Goodman Japan Ltd
for a total of 17.5 billion yen ($213 million).
The seven warehouses are located within key logistics hubs
across Japan in the Hokkaido, Greater Tokyo, Nagoya and Osaka
regions, and have a total gross floor area of 124,300 square
"Demand for large, high quality logistics facilities in
Japan has been on the rise after the earthquake last year as
firms seek to improve supply chain management and crisis
management capabilities," Mapletree Logistics said in a
statement on Monday.
($1 = 82.3550 Japanese yen)
(Reporting by Charmian Kok; Editing by Anshuman Daga)