Media Resouces
Mapletree Acquires Quality Portfolio of Logistics Assets in the United States and Europe
October 03, 2018
  • Strategically located in key logistics markets such as Chicago, Dallas, Seattle, Paris and Warsaw
  • Further expands Mapletree’s presence in the United States (US) and Europe
  • Embarking on syndication of European and US logistics assets

SINGAPORE – Mapletree Investments Pte Ltd (“Mapletree” or “the Group”) today announced the acquisition of a 16.5 million square foot logistics portfolio for US$1.1 billion (approximately S$1.54 billion) from Prologis, Inc.

Strategically located in established distribution centres within major logistics markets such as Chicago, Dallas and Seattle in the US, as well as France, Germany and Poland, these properties enjoy excellent access to key transportation nodes including major highways, ports and airports.

Mr Michael Smith, Regional Chief Executive Officer, Europe and USA, said “This acquisition is in line with Mapletree’s strategy to increase our global footprint as a logistics real estate provider and to venture beyond Asia - a strategy we have been executing since 2014. With properties strategically situated in key distribution hubs, Mapletree is well-positioned to capitalise on the growing demand for modern logistics facilities and the thriving e-commerce sector globally.”

“As an active capital manager, we have also embarked on a syndication of our European and US logistics assets to institutional and high net worth investors”, added Mr Michael Smith.

The acquisition of this portfolio further marks the Group’s deeper penetration into the US and European markets following earlier acquisitions of student accommodation, serviced apartments (including the Oakwood Worldwide business), commercial properties as well as data centres across these two regions.

 

 

 Logistics property in Kent, Washington, US

  

Logistics property in Metz, France

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MEDIA CONTACTS

HENG Sue Yuan                                                                            
Vice President, Corporate Communications                                  
Tel : +65 6807 4031                                                                      
Email: heng.sueyuan@mapletree.com.sg                                      

Grace LEE
Manager, Corporate Communications
Tel: +65 6377 6218  
Email: grace.lee@mapletree.com.sg

Pyrena CHU
Senior Executive, Corporate Communications
Tel: +65 6659 3714  
Email: pyrena.chu@mapletree.com.sg

ABOUT MAPLETREE INVESTMENTS

Mapletree is a leading real estate development, investment, capital and property management company headquartered in Singapore. Its strategic focus is to invest in markets and real estate sectors with good growth potential. By combining its key strengths, the Group has established a track record of award-winning projects, and delivers consistent and high returns across real estate asset classes.

Mapletree currently manages four Singapore-listed real estate investment trusts (REITs) and six private equity real estate funds, which hold a diverse portfolio of assets in Asia Pacific, the United Kingdom (UK) and the United States (US).

As at 31 March 2018, Mapletree owns and manages S$46.3 billion of office, retail, logistics, industrial, residential, corporate housing / serviced apartment, and student accommodation properties.

The Group’s assets are located across 12 economies globally, namely Singapore, Australia, China, Germany, Hong Kong SAR, India, Japan, Malaysia, South Korea, the UK, the US and Vietnam. To support its global operations, Mapletree has established an extensive network of offices in these countries.

For more information, please visit www.mapletree.com.sg.