Mapletree Investments Raises Capital for U.S. European Logistics Fund Portfolio
Posted on 04/06/2020
Singapore-based real estate firm Mapletree Investments Pte Ltd continues to raise capital from institutional, corporate, and high-net worth investors. Mapletree Investments is owned by Singapore’s Temasek Holdings.
The real estate company raised approximately US$ 1.8 billion (S$ 2.6 billion) in fund equity commitments for its U.S.-European logistics fund, which is called MUSEL Private Trust. Managed by Mapletree Real Estate Advisors Pte. Ltd., MUSEL Private Trust is fully invested in a portfolio comprising 262 logistics assets across 26 U.S. states and 20 cities across seven European countries, with a total investment value of US$ 4.3 billion. Mapletree Investments is keeping a 34% stake in MUSEL Private Trust to align with investor interests. Some of the mentioned areas include France, Germany, Poland, Spain, California, New Jersey, Pennsylvania, Texas, and the Midwest of the U.S.
Mapletree Investments owns and manages S$ 55.7 billion of office, retail, logistics, industrial, residential, and lodging facilities through its four Singapore-listed REITs and six private equity real estate funds.
