Mapletree Investments has sold a 4.4 million sq ft industrial portfolio in the United States’ (US) East Coast to EQT Real Estate for US$575 million ($735.3 million). The sale is expected to be completed in March 2026.
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.
Twenty-four of the assets were held under Mapletree US & EU Logistics Private Trust (MUSEL), a closed-end private fund launched in 2019. The 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 were “well-connected” to transportation nodes and benefited 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.
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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 freeold 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 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,” 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.
