“Logistics remains a highly attractive sector that has consistently enjoyed strong demand from occupiers as well as investors. E-commerce continues to thrive and companies are making efforts to secure and expand their supply chains,” explains Ralph van der Beek, CEO of Mapletree’s European commercial and logistics arm.
Mapletree Investments has acquired its first logistics property in the UK as well as 10 warehouses in Spain for an approximate total value of EUR315.1 million ($444.5 million).
The acquisitions, which total some 256,000 sqm, will be part of the seed assets of the group’s second European logistics-focused fund. It also reflects the group’s strategy to deepen its focus in the logistics sector as well as expand its global footprint, says Mapletree in its Jan 27 release. The fund will be launched “at an appropriate time after achieving sufficient scale”.
