Singapore’s Mapletree Buys U.S. Logistics Assets for $3 Billion
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Mapletree Investments Pte, a Singapore-based property developer and manager, bought two portfolios of logistics assets in the U.S. for about $3 billion, adding to its global presence.
The properties will form a seed portfolio for a potential U.S. logistics private fund, the company said in a statement on Thursday. The purchases bring Mapletree’s global logistics assets under management to about S$25.5 billion ($18.7 billion).