Mapletree Investments Acquires First Logistics Asset Uk 10 Warehouses Spain Eur3151 Mil

Mapletree has added to its logistics portfolio with the acquisition of a UK property and 10 warehouses in Spain, worth a combined total of EUR315.1 million ($444.5 million).The company announced the acquisitions in a statement released on Jan 27, as they form part of the seed assets for its second European logistics-focused fund. This move not only deepens the company’s focus in the logistics sector, but also expands its global footprint, says Mapletree.“Logistics is a highly attractive sector that has consistently enjoyed strong demand from both occupiers and investors. With e-commerce continuing to thrive, companies are making efforts to secure and expand their supply chains,” says Ralph van der Beek, CEO of Mapletree’s European commercial and logistics division.Read More: Elite Partners Capital acquires logistic centre in GermanyHe also adds that the company is eager for these assets to bring “stable and recurring returns over the long run”.The UK property is situated in Derby Commercial Park, which grants access to major arterial roads such as the M1, A50 and A6. In addition, it is close to the city centre and the East Midlands Airport. Mapletree reveals that the property’s tenant has recently renewed their long-term lease.The 10 warehouses in Spain are located across the first rings of Barcelona, Valencia and Madrid, and are situated in established logistics hubs with immediate access to the city centre via various modes of transportation. These assets stand to benefit from the involvement of third-party logistics providers and manufacturers, which are dedicated to the properties due to their proximity to their production facilities and investments in automation and fit-outs on site.With these acquisitions, Mapletree has expanded its portfolio to 80 logistics assets across eight countries.

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