Mapletree Logistics Trust on Monday launched a private placement of 115 million units to raise gross proceeds of between $79-82 million. The units would be priced between 69-71 cents apiece.

Net proceeds would go towards financing two proposed acquisitions in Singapore with. The estimated aggregate purchase price (including acquisition related costs) comes up to around $78 million.

Resulting debt headroom from the private placement would also be used to finance a proposed acquisition in Japan. The estimated purchase price (including acquisition related costs) is around $68 million.