Mapletree sells US logistics portfolio for US$575 mil, acquires logistics facility in the Netherlands
The divested industrial portfolio in the US includes 2721 White Horse Road in Greenville, South Carolina (Photo: Mapletree Investments)
Temasek-owned Mapletree Investments announced that it has sold a US industrial portfolio of about 4.43 million sq ft to EQT Real Estate for US$575 million.
The transaction marks Mapletree’s fourth US warehouse portfolio divestment, following a total of US$691.1 million in logistics asset sales completed in 2025.
Richard Prokup, CEO for the US at Mapletree, says the divestment reflects the execution of Mapletree’s closed-end fund strategy and highlights the strength of its US industrial platform.
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“Looking ahead, we remain confident in the logistics sector’s long-term fundamentals as we advance new development opportunities nationwide to grow our pipeline,” he adds.
The portfolio comprises 25 warehouse assets across the US East Coast, including properties in Connecticut, Florida, Georgia, New Jersey, North Carolina, Pennsylvania, Tennessee, Virginia and Washington, DC.
The portfolio also includes 34 Dauphin Drive in Mechanicsburg, Pennsylvania (Photo: Mapletree Investments)
Matthew Brodnik, chief investment officer of EQT Real Estate, says the acquisition reflects EQT’s strategy of investing in infill logistics assets in the US, where demand for well-located industrial space remains strong.
He adds that the acquisition will strengthen EQT’s US logistics platform, with the firm planning to enhance value through active asset management.
John Huguenard, Trent Agnew and Will McCormack of JLL represented Mapletree in the transaction. The sale is expected to be completed in March 2026, when the remaining assets close.
Twenty-four of the divested assets were held under the Mapletree US & EU Logistics Private Trust, a closed-end fund launched in 2019 with a diversified Pan-American and pan-European portfolio totalling US$4.3 billion in assets under management at inception.
Mapletree has acquired Park 15, a newly completed logistics facility in the heart of the Arnhem-Nijmegen metropolitan area in Oosterhout (Gelderland), the Netherlands (Photo: Mapletree Investments)
Separately, Mapletree announced that it has acquired Park 15, a newly completed 30,817 sqm (about 331,600 sq ft) logistics facility in the Arnhem–Nijmegen metropolitan area in Oosterhout (Gelderland), the Netherlands.
The acquisition marks the group’s second logistics investment in the Netherlands, following its purchase of a 34,852 sqm logistics facility in Roosendaal in December 2025.
Ralph van der Beek, CEO of commercial and logistics, Europe, at Mapletree, says the acquisition aligns with the group’s strategy to expand its European logistics footprint by acquiring modern facilities in well-connected locations.
Despite macroeconomic uncertainties, demand for European logistics space remains resilient, he adds, with the sector continuing to demonstrate “long-term growth potential”.
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