Issue August- November 2026

Mapletree has secured more than US$500 million for its emerging Asia logistics development strategy, comprising US$250 million at Mapletree Emerging Growth Asia Logistics Private Trust’s (MEGA) first close and over US$250 million through a joint venture and co-investments in selected Malaysian projects. Investors include a sovereign wealth fund, a pension fund and a national investment company.

First announced in June 2025, MEGA is centred on logistics development opportunities across Malaysia, Vietnam and India, where there is growing demand for modern logistics facilities amid a structural undersupply of institutional-grade logistics space.

The accretive acquisition of a warehouse in India, the world’s fifth-largest economy, deepens Mapletree’s presence in the country. Announced in March 2026, the newly built Grade A property is located in Bhiwandi, an established warehousing sub-market, and is 70 kilometres from Mumbai city centre.

Mapletree Logistics Trust Management secured the property for INR3,888 million (~S$53.6 million), through the acquisition of an investment holding company and a property holding company from unrelated third parties.

Ms Jean Kam, Chief Executive Officer of MLTM, said the acquisition will expand MLT’s network presence in India from Pune and Delhi to a new market in Mumbai. “This positions us well to support our customers’ growing logistics space requirements as they expand regionally.”

Photo Caption: The acquisition of a warehouse in Bhiwandi, Mumbai, India, expands Mapletree’s presence in the country.

Mapletree is expanding its presence in one of China’s most dynamic economic regions with the completion of the Mapletree Guangzhou Procurement and Distribution Centre in Zengcheng District, Guangzhou. The development is the Group’s largest logistics development in China.

Comprising three five-storey logistics facilities and a five-storey central kitchen, it supports the fresh food value chain and serves as a one-stop logistics and supply chain hub. It also won the Shanghai Metal Construction Excellent Project award for its construction quality.

“The completion of Mapletree Guangzhou Procurement and Distribution Centre demonstrates our confidence in the long-term fundamentals of China’s economy,” said Mr Goh Chye Boon, Regional Chief Executive Officer, China, Mapletree. Strategically located in the Pearl River Delta and adjacent to Zengcheng West Railway Station, the project strengthens Mapletree’s logistics network in China, where the Group has delivered over 10 million sqm of Grade A logistics space across more than 130 developments.

After a series of recent industrial divestments, Mapletree is scaling its US development pipeline with well-located, institutional-grade assets. Among these is 1851 Brandon Road, a 419,520-square foot (sq ft) industrial facility in Chicago’s Joliet submarket.

The best-in-class property has direct connectivity to the Joliet Intermodal Center, North America’s largest inland port. The project broke ground in July 2026, and is scheduled for delivery in 1Q 2027.

“This groundbreaking brings another high-quality logistics asset to one of the most established distribution hubs in the country,” said Mr Richard Prokup, Chief Executive Officer, United States, Mapletree.

Mapletree owns and manages approximately 60 million sq ft of industrial assets across the US and has a development pipeline of over 2.5 million sq ft.

Mapletree has acquired a 96.8-acre site in Manalapan, New Jersey, to develop a best-in-class logistics facility.

Slated for completion in 2028, it will feature two warehouse buildings with 40-foot clear heights and will target LEED Silver certification. The 952,720-square-foot (sq ft) project is highly accessible, being located near the New Jersey Turnpike and directly connected to three of the US’ busiest seaports.

Leep Utilities, a last-mile multi-utility company based in the United Kingdom, has extended its stay at Mapletree’s Green Park, with the utilities network provider signing a 10-year lease for 3,965 square feet at 100 Brook Drive in the Thames Valley.

“We were already settled at Green Park but wanted to ramp up our available space as our requirements evolve,” said Mr Matt Ling, Business Development Director, Leep Utilities. “Colleague well-being is a key focus for our business, so it’s important that the physical and natural elements of the office and the wider campus positively support that.”

Mapletree plans to add to the business park’s amenities, such as restaurants, well-being facilities and outdoor gathering spots. The new facilities will create a conducive and productive work environment, making Green Park a more appealing place to settle down for businesses with the Thames Valley.

Supermicro has expanded its office space at Green Park, a business park owned by Mapletree in the Thames Valley technology corridor.

The global leader in high-performance, energy-efficient computing solutions, which had a small presence at a coworking space in Green Park, inked a five-year lease for a 2,732 square feet (sq ft) office as it scales up operations in UK.

Snaking queues greeted Toastique on 7 February 2026, when it held its grand opening at Mapletree’s service apartment complex, mResidences Olympic & Olive in South Park, Downtown Los Angeles.

It was a move celebrated by the cafe’s co-owner, Mr Mounir Ouaddi. “We saw an opportunity to become part of the vibrant and growing South Park community,” he said. “The property is beautifully designed, welcoming, and consistently well-maintained, a true reflection of the care, attention to detail, and high standards of the mResidences and Mapletree management teams.”

The outlet, which takes up a 2,209-square-foot ground-floor unit, prides itself on using fresh and responsibly sourced ingredients in its menu, which includes smoothies, cold-pressed juices, smoothie bowls and its speciality, gourmet toast.