Mitsubishi Estate Logistics Placement

Mitsubishi Estate Logistics REIT (MEL) is looking to raise US$203m to acquire two new properties. In this note, we will look at the assets to be acquired, impact on forecast and portfolio, and run the deal through our framework. We have also covered the REIT’s earlier offerings in: Mitsubishi Estate Logistic REIT Placement - Earlier than Before but Still a Well-Flagged Deal Mitsubishi Estate Logistic REIT Placement - Back for Its Annual Placement Mitsubishi Estate Logistic REIT Placement -...