Mapletree deepens logistics footprint in Europe with acquisitions of first logistics asset in the United Kingdom and 10 warehouses in Spain

  • Acquisitions reflect the Group’s strategy to solidify its focus on logistics as a core sector and expand its global footprint
  • Acquisitions will constitute the seed assets of Mapletree’s second European logistics-focused fund
  • Leverage on the success of Mapletree US & EU Logistics Private Trust (“MUSEL”), a Mapletree sponsored, logistics-focused private fund with 200 assets across the US and 62 assets across 20 European cities

UNITED KINGDOM AND EUROPE – Mapletree Investments (“Mapletree” or “the Group”) is pleased to announce that it has acquired its first logistics property in the United Kingdom (“UK”) and a portfolio of 10 logistics assets in Spain for an approximate total value of €315.1 million (~£266.4 million)1

Mr Ralph van der Beek, Chief Executive Officer, Commercial and Logistics, Europe, Mapletree, said: “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. We are excited to expand our footprint into the UK as well as in Europe, and look forward to these institutional quality assets delivering stable and recurring returns over the long run.”

Maiden Acquisition in the UK

The newly acquired logistics hub in Derby Commercial Park, the UK, enjoys excellent access to major arterial roads including the M1, A50 and A6, and is situated near the city centre and the East Midlands Airport. The tenant at the asset recently renewed their long-term lease, underscoring the site’s critical role in their business.

Portfolio of 10 Logistics Assets in Spain

Concentrated across the first rings of Barcelona, Valencia and Madrid, the well-diversified portfolio of logistics assets in Spain is situated in core logistics hubs offering immediate access to the city centre via various transportation modes, making them ideal for hosting last-mile activities. Demand for space is fuelled by the undersupply of modern logistics stock in the neighbouring areas. These assets benefit from the strong tenant base of leading third-party logistics providers and manufacturers which are highly committed to the properties due to proximity to their production facilities and investments dedicated to automation and fit-outs on site.

As part of Mapletree’s long-term commitment to integrate sustainability into its investment and operational decisions, the newly acquired logistics assets totalling a net lettable area of approximately 256,000 square metres are equipped with industry-recognised sustainability credentials.

Since entering the European logistics market in 2018, the Group has now 80 assets across eight countries. Among these assets, 62 are held under MUSEL, which has been delivering strong performance since its inception in 2019. MUSEL is invested in a diversified pan American and pan European portfolio with strategically located, quality logistics properties. Aligned with Mapletree’s growth strategy of leveraging its private funds platform to expand its reach into core markets of strategic focus, the Group is syndicating a second European logistics-focused fund which will be launched at an appropriate time after achieving sufficient scale.

The Group’s near-term focus in Europe and the UK would be to expand and fortify its onshore development capabilities and acquire well-positioned assets in its commitment to delivering high-quality logistics solutions. In addition to logistics, the Group owns and manages office, mixed-use and student housing properties in these two markets, totalling over €4.3 billion (~£3.6 billion1) in assets under management as at 31 March 2024.  

1 Based on S$ exchange rate as at 22 January 2025 (€1 = £0.8456)   

Derby DC1, the logistics hub in Derby Commercial Park, the UK, enjoys direct access to major arterial roads including the M1, A50 and A6.

Sant Cugat DC1 is a logistics asset with cold storage facility located in one of the most established last-mile hubs about 19 kilometres (km) north of Barcelona, Spain.

Parets DC1 is a recently built logistics asset that is situated about 23 km from the city centre of Barcelona, Spain, and a 29-minute drive from Barcelona El-Prat airport.

Aldaia DC1 is a logistics warehouse with cold storage facility situated in a highly sought-after logistics area in the Central Corridor of Valencia, Spain.

Located in the first ring of Madrid, Spain, Getafe DC1, a logistics asset with cold storage facility, offers direct access to the M-50 and A-4

Media Contacts

Mapletree

Alexis Ong

Manager, Corporate Communications

Tel: +65 6377 4026

Email: alexis.ong@mapletree.com.sg

Melissa Tan

Director, Corporate Communications

Tel: +65 6377 6113

Email: melissa.tanhl@mapletree.com.sg

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. 

MEDIA CONTACTS

Xabryna Kek

Assistant Manager, Corporate Communications

Mapletree Investments Pte Ltd

Tel: (65) 6377 4608

Email:xabryna.kek@mapletree.com.sg

Linus Lui

Assistant Manager, Corporate Social Responsibility

Mapletree Investments Pte Ltd

Tel: (65) 6377 6376

Email:linus.lui@mapletree.com.sg

Linus Lui

Assistant Manager, Corporate Social Responsibility

Mapletree Investments Pte Ltd

Tel: (65) 6377 6376

Email:linus.lui@mapletree.com.sg

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.

For more information, please visit mapletree-dev.altis.cloud.

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