• Secured US$250 million in commitments for the first close of MEGA, a private fund focused on logistics development projects across Malaysia, Vietnam and India
• The Group has also raised more than US$250 million in commitments via a joint venture and co-investments that will be deployed into selected development projects in Malaysia
• MEGA seeks to raise an additional US$200 million in capital commitments for the second close targeted by early next year
• Altogether, Mapletree’s Emerging Asia logistics development strategy is expected to comprise assets with a total investment value of US$2.1 billion when fully deployed

SINGAPORE – Mapletree Investments Pte Ltd (“Mapletree” or “the Group”) has secured over US$500 million in equity commitments for the first close of its Emerging Asia logistics development strategy.

This comprises US$250 million in commitments secured during the first close of Mapletree Emerging Growth Asia Logistics Private Trust (“MEGA” or “the Fund”), along with more than US$250 million raised via a joint venture and direct co-investments into selected development projects in Malaysia. The investors across the strategy include, among others, sovereign wealth funds, a pension fund and a national investment company. MEGA seeks to raise an additional US$200 million in capital commitments for the second close targeted by early next year.

MEGA will focus on logistics development opportunities across Malaysia, Vietnam and India markets where growing domestic consumption, manufacturing activity and supply chain diversification continue to drive demand for modern logistics facilities amid a structural undersupply of institutional-grade logistics space. The Fund is targeting to deliver an internal rate of return (“IRR”) in excess of mid-teens and will provide its investors access to Mapletree’s integrated real estate capabilities and established logistics development track record.

MEGA has an initial seeded portfolio comprising four development projects in Malaysia, one development project in India and two warehouses in Vietnam. Altogether, MEGA, the joint venture and the co-investments are expected to comprise a portfolio of assets with total investment value of US$2.1 billion across its target markets when fully deployed.

Said Mr Hiew Yoon Khong, Group Chief Executive Officer, Mapletree: “We are encouraged by the strong support received from established institutional investors across our Emerging Asia logistics development strategy. MEGA’s successful first close marks an important milestone and the commitments received reflect confidence in Mapletree’s ability to deliver development value across market cycles. Our integrated real estate capabilities have allowed us to pursue an accelerated development strategy which differentiates Mapletree from pure capital management players.”

Logistics is Mapletree’s largest asset class, accounting for approximately 43% of the Group’s assets under management (“AUM”), or S$32.4 billion. As at 31 March 2026, Mapletree manages 22.8 million square metres (“sqm”) of logistics space across 12 markets globally.

The Group’s logistics capabilities are further complemented by its listed platform, Mapletree Logistics Trust (“MLT”), which is managed by Mapletree Logistics Trust Management Ltd (“MLTM”). MLT’s portfolio comprises 175 logistics properties across nine Asia Pacific markets and maintained a portfolio occupancy of 96.9% as at 31 March 2026.

With over 30 years of real estate experience, including as former Chief Executive Officer and Executive Director of MLTM for 12 years, Ms Ng Kiat currently helms Mapletree’s Asia Pacific Logistics Development team as Regional Chief Executive Officer, overseeing the development projects and investments in the Asia Pacific countries (excluding China and Japan).

Ms Ng said: “MEGA provides investors with access to logistics development opportunities in select high-growth markets across Emerging Asia. The Fund’s successful first close reflects investors’ confidence in Mapletree’s global logistics platform, supported by our position as a market leader in Malaysia and Vietnam, experienced local teams and integrated real estate capabilities.”

MEGA is Mapletree’s 18th private real estate fund and the third in its recent series of logistics development-focused private funds, following the successful syndication of Mapletree China Logistics Investment Private Fund (“MCLIP”) in 2022 and Mapletree Japan Investment Country Private Trust (“MAJIC”) in 2024.

The Fund will be managed by Mapletree Real Estate Advisors Pte. Ltd., a wholly owned subsidiary of Mapletree. The Group will maintain a strong alignment of interest with investors by retaining a minimum 20% stake in the Fund, similar to its approach with other Mapletree-sponsored private funds.