Mapletree Real Estate Advisors Pte Ltd (“MREAL”) is Mapletree’s private capital management arm headquartered in Singapore and is fully owned by Mapletree Investments Pte Ltd.
Properties will form seed portfolio for a potential US logistics private fund – Mapletree US Logistics Private Trust (“MUSLOG”)
Acquisitions bring Mapletree’s global logistics assets under management (“AUM”) to ~S$25.5 billion
SINGAPORE – Mapletree Investments Pte Ltd (“Mapletree” or “the Group”) has acquired two portfolios of logistics assets in the United States (“US”), comprising 141 high-quality, income-producing assets for a total investment value of approximately US$3 billion (~S$4 billion1).
The first portfolio acquired in July 2021 comprises 24 assets totaling 6.1 million square feet (“sq ft”) of net lettable area (“NLA”) across Dallas, Memphis, Greater Chicago, Central Florida and Boston. The portfolio has a high occupancy of 98.9%2and has a weighted average lease to expiry (“WALE”) of 3.3 years2. The second portfolio acquired in September 2021, comprises 117 assets spanning 22.3 million sq ft of NLA across Greater Chicago, the Carolinas, Memphis, Houston and Washington DC / Baltimore. The portfolio is 94.1%2occupied and has a WALE of 4.1 years2.
Mr Michael Smith, Regional Chief Executive Officer of Europe and USA, commented “The US logistics sector is amongst the best performing and most resilient of all the real estate markets in which Mapletree operates globally. By combining these recently acquired assets with 14 logistics facilities that we currently own, we have attained sufficient scale and investor interest to create a fourth US focused private fund with a fully seeded portfolio of 155 logistics assets. Together with the assets under Mapletree US & EU Logistics Private Trust, or MUSEL, which we successfully syndicated in 2019, we now manage 355 logistics facilities with an AUM of US$6.9 billion (~S$9.2 billion1), totaling 70 million sq ft of NLA, propelling Mapletree into the top 10 managers of logistics real estate in the US.”
Well located in core logistics hubs, these assets are strategically situated along key transportation nodes, providing excellent connectivity to highways, air and sea ports as well as in close proximity to large population catchments. The portfolios’ well-diversified tenant base includes companies in third-party logistics, consumer goods, wholesale and e-commerce sectors, among others.
With these acquisitions, Mapletree will manage – Approximately S$25.5 billion of AUM in the logistics sector, with an estimated NLA of 224 million square feet across Singapore, Australia, China, Europe, Hong Kong SAR, India, Japan, Malaysia, South Korea, the US and Vietnam. – Approximately US$14.8 billion (~S$19.8 billion1) of real estate across the US in the logistics, data centre, commercial, multi-family, serviced apartment and student accommodation sectors.
Footnotes: 1 US$1=S$1.34 as at 10 September 2021 2 Occupancy and WALE as at 30 June 2021
Located in close proximity to the port of Savannah, the fourth largest seaport in the US, this property is a modern, class-A bulk distribution warehouse with more than 600,000 sq ft of NLA.
Occupied by one of the world’s largest 3PL’s, this 1 million sq ft warehouse is located close to the Memphis International Airport.
Located in Arlington, Texas this property is a modern big box warehouse serving as one of the main distribution facilities for a large consumer retail company.
HO CHI MINH CITY – More than 300 wildlife photography enthusiasts and birdwatchers gathered at SC VivoCity in Ho Chi Minh City at the opening and prize presentation ceremony of the ‘Wild Birds and Mammals of Vietnam’ Photography Exhibition. Now in its second year running, this year’s exhibition held from 12 to 17 October focuses on the theme of endangered birds and mammal species in Vietnam, and is jointly organised by WildTour, the Vietnam Wildlife Photography Club and BirdLife International, supported by the Ho Chi Minh City Photography Association (HOPA), and sponsored by Mapletree Investments, Canon Vietnam and Lexar. ‘Wild Birds and Mammals of Vietnam’ is a culmination of a month-long, nationwide photography competition with a focus on Vietnam’s endangered species from July 2024 to early September 2024.
This year’s exhibition profiles wild birds and mammals in Vietnam. Vietnam supports some of the highest concentration of endangered species in Southeast Asia. Of note is Vietnam’s diversity of primates, among the most imperilled primate faunas in the world, and home to the charismatic Tonkin Snub-nosed Monkey and the Delacour’s Langur. Similarly, Vietnam’s bird fauna is rich but threatened by habitat loss and trapping for the pet trade. ‘More than 400 images were received by our team, many of them exceptionally high-quality images of some of Asia’s rarest bird and mammal species’, observed Mr Nguyen Truong Sinh, lead organiser of the competition and chairperson of the Vietnam Wildlife Photography Club. He also chaired the judging panel with seven other experts. Dr Yong Ding Li who represents BirdLife International on the panel agreed and noted that the images received were more diverse than the inaugural competition in 2023 and reflects a rapidly growing interest in nature photography in Vietnam.
The Exhibition coincided with the World Migratory Bird Day weekend on 12 October 2024, held twice a year to celebrate the spectacular movement of birds across the globe every Spring and Autumn. Over this time, millions of migratory birds can be expected to be on their journeys across the Asian continent, moving from wetlands to wetlands along the East Asian-Australasian Flyway, including here in Vietnam. Several migratory species were featured among the exhibited images, including among them the Spoon-billed Sandpiper, Great Knot and Wallcreeper, the last an extremely rare visitor to northern Vietnam.
Mr Edmund Cheng, Chairman, Mapletree, added: “We are pleased to witness our support for environmental awareness in Vietnam gain momentum, starting from our first migratory bird event in 2023 at the wetlands of Can Gio. This commitment is influenced by Mapletree’s environment and education pillars, two of the four pillars under our Corporate Social Responsibility framework to enrich communities in markets where we operate.”
“It was great to see the high quality of submissions received from not just photographers in south Vietnam, but also from further away in Ha Noi and Da Nang. I was particularly impressed with the fantastic selection of Vietnam’s endemic and wild birds documented in these photographs. The selection of mammals was equally impressive, with some of the best shots of the rare Cat Ba Langur. Eventually our committee of judges agreed that the Tonkin Snub-nosed Monkey image by Mr Chung Van Thanh was the best of the lot”, observed Mr Nguyen Hoai Bao, director of WildTour and chairperson of the judging panel with five other experts.
This year’s exhibition is the fourth World Migratory Bird Day event supported by Mapletree since 2023, starting from the ‘Celebrating Migratory Birds in Vietnam’ activity organised in Can Gio wetlands by WildTour and BirdLife. In 2024, Mapletree supported the first ever Vietnam Bird Race, held at Tràm Chim National Park. The organisers and supporters of this event plan to build on the success of this year’s event and introduce new elements to attract more bird and nature enthusiasts from across Vietnam. The Vietnam Bird Race will take place annually and the next iteration is slated to be held in May 2025.
Figure 1. Chung Van Thanh’s portrait of a Tonkin Snub-nosed Monkey, among Southeast Asia’s rarest mammals, won the first prize.
Figure 1. Chung Van Thanh’s portrait of a Tonkin Snub-nosed Monkey, among Southeast Asia’s rarest mammals, won the first prize.
Figure 1. Chung Van Thanh’s portrait of a Tonkin Snub-nosed Monkey, among Southeast Asia’s rarest mammals, won the first prize.
Figure 1. Chung Van Thanh’s portrait of a Tonkin Snub-nosed Monkey, among Southeast Asia’s rarest mammals, won the first prize.
Figure 1. Chung Van Thanh’s portrait of a Tonkin Snub-nosed Monkey, among Southeast Asia’s rarest mammals, won the first prize.
Headquartered in Singapore, Mapletree is a global real estate development, investment, capital and property management company committed to sustainability. Its strategic focus is to invest in markets and real estate sectors with good growth potential. By combining its key strengths, the Group has established a track record of award-winning projects, and delivers consistently attractive returns across real estate asset classes.
The Group manages three Singapore-listed real estate investment trusts (“REITs”) and nine private equity real estate funds, which hold a diverse portfolio of assets in Asia Pacific, Europe, the United Kingdom (“UK”) and the United States (“US”). As at 31 March 2024, Mapletree owns and manages S$77.5 billion of office, retail, logistics, industrial, data centre, residential and student accommodation properties.
The Group’s assets are located across 13 markets globally, namely Singapore, Australia, Canada, China, Europe, Hong Kong SAR, India, Japan, Malaysia, South Korea, the UK, the US and Vietnam. To support its global operations, Mapletree has established an extensive network of offices in these countries.
BirdLife International is a partnership of over 122 conservation organisations worldwide covering all continents, landscapes, and seascapes. As a leader in bird conservation, our unique local to global approach enables us to deliver high impact and long-term conservation for the benefit of nature and people. Our mission is to conserve birds, their habitats and global biodiversity, while working with people toward sustainability in the use of natural resources. Find out more at www.BirdLife.org
