Company Briefs: Mapletree Logistics Trust

Mapletree Logistics Trust

Mapletree Logistics Trust (MLT) is acquiring four properties in Victoria, Australia, for A$142.2 million (S$151.9 million).

The sites have a total gross floor area of about 103,517 sq m on a combined land area of 362,230 sq m. They are 100 per cent leased to established Australian companies and multinational firms.

The acquisition, MLT's third investment in Australia, will increase its portfolio to nine properties in the country. It will raise MLT's exposure to Australia from 6.1 per cent to 9 per cent of its gross revenue base.

The acquisition will be funded byAustralian dollar-denominated debt facilities and remaining proceeds from the $250 million perpetual securities issued in May.

Singapore Airlines

Singapore Airlines (SIA) has a new look for its SilverKris travel magazine's website.

The site, developed and produced by SPH Magazines on behalf of SIA, was launched yesterday following the revamp.

It aims to offer "a useful resource not just for Singapore Airlines passengers, but also avid travellers the world over who are in search of richer and more engaging travel experiences", said SPH Magazines.

The revamped website is updated daily with fresh international travel lifestyle content and news on SIA routes and product launches.

It also features "Your SIA", which has information on cabin crew, in-flight services, events and fleet facts.

A live Instagram feed keeps users updated on posts from aviation buffs and others.


Singtel's Australian unit Optus has clinched a five-year contract to support improvements to a North Queensland city council's communication and information technology capabilities.

The A$20 million (S$21.3 million) deal will enable vast improvements to the way the Townsville council does business and will provide significant digital service channels for the community, Optus said yesterday.

Optus Business managing director John Paitaridis said: "Smart Cities are the cities of the future. We look forward to working strategically with Townsville City Council to design and integrate connectivity, data and analytics, sensor networks and smartphone applications to transform Townsville."

A version of this article appeared in the print edition of The Straits Times on December 16, 2016, with the headline 'Company Briefs'. Print Edition | Subscribe