This transaction marks the group’s second Dutch logistics acquisition, following its purchase of a 34,852 sqm logistics facility in Roosendaal in December 2025.
Park 15 features a clear height of 12.2 metres, 28 loading docks, 190 parking spaces and a maximum floor load capacity of 5,000 kg per sqm.
It is also equipped with BREEAM (Building Research Establishment Environmental Assessment Method) Excellent certification, gasfree energy supply and rooftop solar panels.
The facility is situated along the A15 (Maasvlakte–Nijmegen) motorway that connects the port of Rotterdam and the Ruhr district and has direct access to the A50 (Eindhoven–Arnhem) and A73 (Nijmege–Venlo) motorways.
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The facility is also within close proximity of the container terminal on the main branch of the Waal River, says the group.
Since its foray into the European logistics market in 2018, the group now has 83 logistics assets worth EUR1.6 billion ($2.38 billion). These properties would constitute the seed assets for Mapletree’s new logistics-focused strategy in Europe, which follows the Mapletree US & EU Logistics Private Trust (MUSEL), a closed-end private fund launched in 2019.
A day earlier, Mapletree announced that it had sold a 4.4 million sq ft industrial portfolio in the East Coast of the US to EQT Real Estate for US$575 million ($735.3 million). The sale is expected to be completed in March.
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This is the group’s fourth US warehouse portfolio divestment after it sold US$691.1 million worth of logistics assets in 2025. The transaction is also the second industrial portfolio transaction Mapletree executed with EQT in the past four months.
The East Coast logistics portfolio comprises 25 warehouse assets across the region. This includes properties in Connecticut, Florida, Georgia, New Jersey, North Carolina, Pennsylvania, Tennessee, Virginia and Washington, DC.
Among the assets, 24 were held under MUSEL.
The private fund had pan-American and pan-European assets totalling US$4.3 billion in assets under management (AUM) at its inception.
The original portfolio had 262 assets that are “well-connected” to transportation nodes and benefitted 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.
This fund had 154 freehold logistics assets across the US, which totalled US$3.3 billion in AUM at its inception.
Richard Prokup, CEO of Mapletree US, says the divestment “reflects the successful execution of our closed-end fund strategy and illustrates the strength of our US industrial platform”. “Looking ahead, we remain confident in the logistics sector’s long-term fundamentals as we advance new development opportunities nationwide to grow our pipeline,” he adds.
As of March 31, 2025, the US accounted for approximately 25% of Mapletree’s total AUM valued at around US$60.1 billion.
