Mapletree Investments has expanded its presence in Europe with the acquisition of a logistics property in the UK and 10 warehouses in Spain. The total value of the acquisitions is estimated at EUR315.1 million ($444.5 million) and the properties, which cover a combined area of about 256,000 square meters, will be included in the group’s second European logistics-focused fund.
This move is in line with Mapletree’s strategy to deepen its focus in the logistics sector and expand its global footprint, the company said in a statement released on Jan 27. The fund will be launched at “an appropriate time after achieving sufficient scale”.
According to the release, logistics continues to be a highly attractive sector with strong demand from both occupiers and investors. The rise of e-commerce has further increased demand for logistics properties, with companies making efforts to secure and expand their supply chains, explains Ralph van der Beek, CEO of Mapletree’s European commercial and logistics arm.
Van der Beek also adds that the group expects these assets to deliver stable and recurring returns over the long term.
The UK property, situated in Derby Commercial Park, is well-connected to major roads such as the M1, A50, and A6. It is also located near the city centre and the East Midlands Airport. According to Mapletree, the tenant at the property has recently renewed its long-term lease.
Meanwhile, the properties in Spain are located across the first rings of Barcelona, Valencia, and Madrid, in core logistics hubs that provide immediate access to the city centre via various transportation modes. These assets are expected to benefit from third-party logistics providers and manufacturers who are highly committed to the properties due to their proximity to production facilities and investments made in automation and fit-outs on site.
With the recent acquisitions, Mapletree now has a total of 80 logistics assets in eight countries.
Mapletree Investments has increased its presence in Europe with the acquisition of a logistics property in the UK and 10 warehouses in Spain. The combined value of the acquisitions amounts to approximately EUR315.1 million ($444.5 million) and the properties cover a total area of about 256,000 square meters. These assets will be included in the group’s second European logistics-focused fund.
This move is aligned with Mapletree’s strategy to deepen its focus in the logistics sector and enhance its global footprint. The company released a statement on Jan 27, indicating that the fund will be launched “at the right time after achieving significant scale”.
Mapletree highlights that logistics remains a highly attractive sector with strong demand from occupiers and investors. The growing e-commerce industry has also increased the need for logistics properties, as companies strive to secure and expand their supply chains. Ralph van der Beek, CEO of Mapletree’s European commercial and logistics arm, explains that the group looks forward to generating stable and recurring returns from these assets over the long run.
The UK property, located in Derby Commercial Park, has easy access to major roads such as the M1, A50, and A6. It is also situated near the city centre and the East Midlands Airport. According to Mapletree, the tenant at this property has recently renewed its long-term lease.
Meanwhile, the 10 properties in Spain are situated across the first rings of Barcelona, Valencia, and Madrid, in core logistics hubs that provide immediate access to the city centre via various transportation modes. These assets are expected to benefit from the demand of third-party logistics providers and manufacturers who have shown strong commitment to the properties due to their proximity to production facilities. These investors have also made significant investments in automation and fit-outs on site.
Since the acquisition of these properties, Mapletree now owns a total of 80 logistics assets across eight countries.
Mapletree Investments has increased its presence in Europe with the purchase of a logistics property in the UK and 10 warehouses in Spain. The combined value of these acquisitions is estimated at EUR315.1 million ($444.5 million), with a total area of 256,000 square meters. These assets will form part of the group’s second European logistics-focused fund.
This strategic move reflects Mapletree’s focus on expanding its global footprint and deepening its presence in the logistics sector, as stated in a release on Jan 27. The fund is expected to be launched at an appropriate time, once it achieves sufficient scale.
According to Mapletree, logistics remains a highly attractive sector, with strong demand from both occupiers and investors. The growth of e-commerce has further increased the demand for logistics properties, as companies work to secure and expand their supply chains. CEO of Mapletree’s European commercial and logistics arm, Ralph van der Beek, emphasizes the group’s anticipation for stable and recurring returns from these assets in the long term.
The UK property, located in Derby Commercial Park, has excellent connectivity to major roads such as the M1, A50, and A6. It is also within close proximity to the city centre and the East Midlands Airport. The property’s tenant recently renewed its long-term lease, according to Mapletree’s statement.
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The 10 properties in Spain are situated in core logistics hubs across the first rings of Barcelona, Valencia, and Madrid, with immediate access to the city centre through various transportation modes. These assets are expected to benefit from third-party logistics providers and manufacturers, who have shown significant commitment to the properties due to their proximity to production facilities. These investors have also made considerable investments in automation and fit-outs on site.
With these recent acquisitions, Mapletree’s total number of logistics assets has now reached 80 across eight countries.