As part of its expansion strategy in the logistics sector and to increase its global presence, Mapletree Investments has recently completed two acquisitions worth an estimated total value of EUR315.1 million ($444.5 million). The group’s CEO of European commercial and logistics arm, Ralph van der Beek, says that the acquisitions are a reflection of their focus in this sector, as well as the expanding global footprint of the company. These acquisitions, comprising a total area of 256,000 square-metres, will form part of the seed assets for the second European logistics-focused fund by Mapletree. The group will launch this fund at an appropriate time, after achieving sufficient scale. “Logistics is an attractive sector with consistent demand from both occupiers and investors. With the growth of e-commerce, companies are taking measures to strengthen and expand their supply chains,” explains van der Beek. He further adds that these assets will provide stable and recurring returns for Mapletree over the long term.The property in the UK is located in Derby Commercial Park, providing easy access to major roads like the M1, A50 and A6. Situated near the city centre and the East Midlands Airport, this property has recently renewed its long-term lease with Mapletree. In Spain, the 10 warehouses are spread across core logistics hubs in Barcelona, Valencia and Madrid. They offer immediate access to the city centres with multiple transportation modes. These assets are in high demand from third-party logistics providers and manufacturers, owing to their close proximity to production facilities and investments in automation and fit-outs on site. With these acquisitions, Mapletree now has a total of 80 logistics assets across eight countries.
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