Mapletree Investments has announced the acquisition of a 16.5m sq ft logistics portfolio for $1.1bn from Prologis, Inc. Strategically located in established distribution centres within major logistics markets such as Chicago, Dallas and Seattle in the US, as well as France, Germany and Poland, these properties enjoy access to key transportation nodes including major highways, ports and airports.
Prologis said the deal included 144 acres of land, as well as 46 buildings totalling 9.9m sq ft principally in Poland, France and Hungary, and 40 buildings totalling 6.6m sq ft primarily in Seattle, Dallas and Chicago.
Michael Smith, Mapletree Regional Chief Executive Officer for Europe and USA said: “With properties strategically situated in key distribution hubs, Mapletree is well-positioned to capitalise on the growing demand for modern logistics facilities and the thriving e-commerce sector globally.”
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