Prime Highlights:
Mapletree Investments enters the UK logistics market with the acquisition of a logistics hub in Derby Commercial Park.
Mapletree acquires a portfolio of 10 logistics assets in Spain, located near major hubs in Barcelona, Valencia, and Madrid.
The Spanish assets cover a combined net lettable area of approximately 256,000 square meters, positioned in prime last-mile delivery zones.
Key Background:
Mapletree Investments has made its debut in the United Kingdom logistics market and further expanded its presence in Spain with the acquisition of key logistics assets, valued at approximately $444.46 million (€315.1 million).
The company’s entry into the UK logistics sector is highlighted by the purchase of a logistics hub situated in Derby Commercial Park. This strategically located property offers easy access to major transport routes, including the M1, A50, and A6 highways, as well as East Midlands Airport and Derby city centre. The property’s long-term lease renewal by the tenant underscores its critical role in supporting their operations, solidifying its value as a logistics hub.
In Spain, Mapletree has acquired a portfolio of 10 logistics assets spanning key logistics hubs near Barcelona, Valencia, and Madrid. With a combined net lettable area of approximately 256,000 square meters, these properties are strategically situated in prime locations that offer exceptional connectivity to city centers, making them ideal for last-mile delivery operations. The acquisition strengthens Mapletree’s footprint in Spain’s thriving logistics market, with the properties housing a mix of third-party logistics providers and manufacturers. Many of these tenants are heavily invested in the sites, benefiting from their proximity to production centres and the on-site automation and fit-outs.
The acquisition also helps address the undersupply of modern logistics facilities in these areas, further enhancing Mapletree’s position in the European logistics market. Looking forward, the company plans to launch a second European logistics-focused fund once it achieves sufficient scale, focusing on acquiring strategically located assets and bolstering its development capabilities in both Europe and the UK. This move marks a significant milestone in Mapletree’s ongoing expansion into key logistics markets in Europe.