Mapletree Logistics Trust (SGX:M44U) agreed to acquire Two logistics properties in Pune, Maharashtra from Morgan Stanley Real Estate Investing and Waterloo Motors Private Limited for INR 4.6 billion on March 17, 2021. Under the terms of the transaction, 4 blocks, single-storey ambient warehouse will be acquired for INR 4.05 billion and 2 blocks, single-storey ambient warehouse will be acquired for INR 500 million. The Acquisition is expected to generate a net property income yield of 7.4% and it is also expected to be accretive at the distribution level. The acquisition will be funded by debt and is expected to be completed by the second calendar quarter of 2021, subject to fulfilment of the relevant conditions precedent.