{"id":454,"date":"2024-05-17T05:44:18","date_gmt":"2024-05-17T05:44:18","guid":{"rendered":"urn:uuid:bd03ecfb-fd95-41fc-afec-38bcc60de729"},"modified":"2025-02-12T09:20:13","modified_gmt":"2025-02-12T09:20:13","slug":"mapletree-successfully-closes-second-japan-logistics-development-fund","status":"publish","type":"newsroom","link":"https:\/\/www.mapletree.com.sg\/vn\/newsroom\/mapletree-successfully-closes-second-japan-logistics-development-fund\/","title":{"rendered":"Mapletree Successfully Closes Second Japan Logistics Development Fund"},"content":{"rendered":"\n<ul class=\"wp-block-list\">\n<li><em>Mapletree Japan Investment Country Private Trust (&#8220;MAJIC&#8221;) is focused on the logistics sector in Japan and leverages Mapletree\u2019s established on-the-ground presence, development and asset management capabilities<\/em><br><br><\/li>\n\n\n\n<li><em>Majority seeded with three logistics development projects in attractive locations, the Fund will benefit from the growth in the logistics sector which continues to be structurally under-supplied in terms of modern logistics facilities<\/em><br><br><\/li>\n\n\n\n<li><em>Strong investors\u2019 interest in our second Japan logistics development fund validates Mapletree\u2019s proven track record in logistics globally<\/em><br><br><\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-group has-global-padding is-layout-constrained wp-container-core-group-is-layout-12243e0f wp-block-group-is-layout-constrained\">\n<p style=\"padding-top:var(--wp--preset--spacing--20);padding-bottom:var(--wp--preset--spacing--20)\"><strong>SINGAPORE &#8211;\u00a0<\/strong>Mapletree Investments (\u201cMapletree\u201d or \u201cthe Group\u201d) is pleased to announce the successful closing of Mapletree Japan Investment Country Private Trust (\u201cMAJIC\u201d or \u201cthe Fund\u201d). This is the Group\u2019s second Japan logistics development fund and third fund focused on Japan, after prior successful funds in logistics development and office respectively, delivered strong performances and exceeded their original target returns. MAJIC is majority seeded with initial logistics development properties sourced by the Sponsor, providing good visibility in terms of the Fund\u2019s deployment. The Fund is expected to achieve over JPY 110 billion (~S$1.0 billion)<sup>1<\/sup>\u00a0in assets under management, after full deployment and all development projects are completed.<\/p>\n\n\n\n<p style=\"padding-top:var(--wp--preset--spacing--20);padding-bottom:var(--wp--preset--spacing--20)\">Mr Hiew Yoon Khong, Mapletree\u2019s Group Chief Executive Officer said, \u201cAmid the uncertain economic climate, Japan remains a preferred investment destination in the Asia Pacific region. Interest from domestic and international investors in Japan continues to be driven by the overall resilience of its real estate sector and confidence in Japan\u2019s continued economic performance after its emergence from decades of stagnation. MAJIC\u2019s investor support is testament to the Group\u2019s fund management track record, and proven success in logistics development strategies. MAJIC will build upon the success of our previous Japan funds, MJLD<sup>2<\/sup>\u00a0and MJOF<sup>3<\/sup>, both of which delivered IRR in excess of 20%.\u201d<\/p>\n\n\n\n<p style=\"padding-top:var(--wp--preset--spacing--20);padding-bottom:var(--wp--preset--spacing--20)\">The Fund is majority seeded with three logistics development projects comprising a forward purchase of a last-mile logistics property located next to Tokyo Bay, as well as land plots for development into modern logistics facilities located in central Kyoto and Sanbongi. All three assets feature quality specifications and are strategically located within or around major metropolitan areas that are close to logistics infrastructures such as cargo airports, ports, expressways, or industrial zones. The Fund will also continue to source quality logistics development projects for acquisition, in order to fully deploy the committed capital raised.<\/p>\n\n\n\n<p style=\"padding-top:var(--wp--preset--spacing--20);padding-bottom:var(--wp--preset--spacing--20)\">Demand for modern logistics facilities in Japan is expected to continue its outperformance, underpinned by the acceleration of e-commerce and third-party logistics, growth in advanced manufacturing activities and supportive regulatory changes. Leveraging the Group\u2019s strong on-the-ground relationships and global development capabilities, MAJIC aims to deliver a strong logistics development pipeline that meets the demand for modern logistics facilities throughout key cities in Japan.<\/p>\n\n\n\n<p style=\"padding-top:var(--wp--preset--spacing--20);padding-bottom:var(--wp--preset--spacing--20)\">Mr Wong Mun Hoong, Mapletree\u2019s Regional Chief Executive Officer, Australia and North Asia said, \u201cAs we navigate the challenging economic environment globally, Japan remains a resilient market that is tried and tested for investors aiming to invest in quality assets that provide attractive, risk-adjusted returns in the long run. Mapletree is focused on strengthening our foothold in this region to bring value to our investors through exposure to the country\u2019s real estate sector.\u201d<\/p>\n\n\n\n<p style=\"padding-top:var(--wp--preset--spacing--20);padding-bottom:var(--wp--preset--spacing--20)\">The Fund was well received by a well-diversified group of new and repeat investors comprising sovereign wealth funds, investment companies and family offices. Mapletree will maintain a minimum of 20 per cent stake in MAJIC, representing a strong alignment of interest with investors, similar to its approach with prior Mapletree-sponsored private funds. The Fund will be managed by Mapletree Real Estate Advisors Pte. Ltd., a wholly-owned subsidiary of Mapletree.<\/p>\n\n\n\n<p style=\"padding-top:var(--wp--preset--spacing--20);padding-bottom:var(--wp--preset--spacing--20)\">MAJIC will be Mapletree\u2019s 16<sup>th\u00a0<\/sup>private equity fund and the 3<sup>rd<\/sup>\u00a0in a series of funds focused on Japan.<\/p>\n\n\n\n<p class=\"has-link-color wp-elements-4392ccc020589f156b14be0187d33411\" style=\"padding-top:var(--wp--preset--spacing--20);padding-bottom:var(--wp--preset--spacing--20)\">For enquiries on Mapletree\u2019s private funds, please email\u00a0<a href=\"mailto:PCM_Enquiries@mapletree.com.sg\">PCM_Enquiries@mapletree.com.sg<\/a><\/p>\n\n\n\n<p style=\"padding-top:var(--wp--preset--spacing--20);padding-bottom:var(--wp--preset--spacing--20);font-size:10px\">Footnotes:<br><sup>1<\/sup>S$ exchange rate as at 30 April 2024<br><sup>2<\/sup>Mapletree Japan Logistics Development Fund \u2013 Fund focused on logistics development in Japan, which exited in 2020.<br><sup>3<\/sup>Mapletree Japan Office Fund \u2013&nbsp;Fund focused office with a value-add strategy, which exited in 2019.<\/p>\n<\/div>\n","protected":false},"featured_media":189,"template":"","meta":{"_acf_changed":false,"_trash_the_other_posts":false,"ep_exclude_from_search":false,"editor_notices":[]},"tags":[114],"newsroom-category":[112,1135],"csr-category":[],"class_list":["post-454","newsroom","type-newsroom","status-publish","has-post-thumbnail","hentry","tag-news"],"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Mapletree Successfully Closes Second Japan Logistics Development Fund - MIPL Vietnam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mapletree-stag.altis.cloud\/vn\/newsroom\/mapletree-successfully-closes-second-japan-logistics-development-fund\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mapletree Successfully Closes Second Japan Logistics Development Fund - MIPL Vietnam\" \/>\n<meta property=\"og:description\" content=\"SINGAPORE &#8211;\u00a0Mapletree Investments (\u201cMapletree\u201d or \u201cthe Group\u201d) is pleased to announce the successful closing of Mapletree Japan Investment Country Private Trust (\u201cMAJIC\u201d or \u201cthe Fund\u201d). 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