NEW YORK, NY – Mapletree Investments (“Mapletree” or “the Group”) is pleased to announce the sale of a 4,434,464-square-foot (sq ft) industrial portfolio to EQT Real Estate for US$575 million. This transaction mark the Group’s fourth United States (US) warehouse portfolio divestment, following US$671.8 million in total logistics asset sales completed in 2025.
“We’re proud to kickstart 2026 with an outstanding outcome for our investors,” said Richard Prokup, Chief Executive Officer, US, Mapletree. “This divestment reflects the successful execution of our closedend fund strategy and illustrates the strength of our US industrial platform. Looking ahead, we remain confident in the logistics sector’s longterm fundamentals as we advance new development opportunities nationwide to grow our pipeline.”
John Paul Chua, Director, Investment, US, Mapletree, added: “We congratulate EQT on another successful closing, the second industrial portfolio transaction we’ve executed together in the past four months.”
The East Coast logistics portfolio comprises 25 warehouse assets across the region including properties in Connecticut, Florida, Georgia, New Jersey, North Carolina, Pennsylvania, Tennessee, Virginia and Washington, DC.
“This investment reflects our high-conviction, thematic approach to investing in infill logistics across the U.S., where we see strong long-term demand for well-located industrial assets,” said Matthew Brodnik, Chief Investment Officer at EQT Real Estate. “We believe the portfolio serves as a compelling addition to our U.S. logistics platform and look forward to building on the portfolio’s strong fundamentals through our active ownership approach.”
John Huguenard, Trent Agnew and Will McCormack of JLL represented Mapletree in the transaction. The sale is expected to reach full completion in March 2026, when select remaining assets are scheduled to close.
Twenty-four of the divested assets were held under Mapletree US & EU Logistics Private Trust (“MUSEL”), a closed-end private fund launched in 2019 with a diversified pan-American and pan-European portfolio totaling US$4.3 billion in assets under management (AUM) at the fund’s inception. The original portfolio comprised 262 strategically located assets, well-connected to transportation nodes and benefiting from robust demand across sectors including e-commerce, third-party logistics and consumer products. This divestment represents the successful fourth milestone of exit for investors of MUSEL.
The remaining asset was held under the Mapletree US Logistics Private Trust (“MUSLOG”), a closed-end private fund launched in 2021 with a portfolio of 154 freehold logistics properties across the US which totaled US$3.3 billion in AUM at the fund’s inception.
Mapletree owns and manages more than 66 million sq ft of industrial assets across the US with a development pipeline of approximately 2.6 million sq ft. Since entering the US real estate market in 2014, the Group has built a diverse portfolio spanning logistics, data centre, office, student housing and multifamily properties. As of March 31, 2025, the US accounted for approximately 25% of the Group’s total assets under management, valued at ~US$60.1 billion (S$80.3 billion).
< END >
