Mapletree Investments has announced the acquisition of its first logistics property in the United Kingdom and a portfolio of 10 logistics assets in Spain, valued at approximately $444.46m (€315.1m). These acquisitions will serve as the foundational assets for Mapletree’s second European logistics-focused fund, marking a significant expansion of the company’s logistics footprint in Europe.
The UK acquisition, Derby DC1, is strategically located in Derby Commercial Park, offering excellent access to major roads and proximity to East Midlands Airport. This site plays a crucial role in the supply chain of its tenant, who recently renewed their long-term lease. Meanwhile, the Spanish portfolio is spread across key logistics hubs in Barcelona, Valencia, and Madrid, providing immediate access to city centres and supporting last-mile delivery operations.
Ralph van der Beek, CEO of Commercial and Logistics, Europe at Mapletree, stated, “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.”
