EQT: assets are acquired from Mapletree

EQT: assets are acquired from Mapletree

EQT Real Estate has acquired a $241.2 million industrial portfolio from Mapletree Investments, comprising 10 bulk warehouse properties totaling 2.4 million square feet across high-growth Sun Belt markets in Georgia, Florida, and Texas according to reports. The transaction, part of Mapletree's ongoing capital recycling strategy, marks the firm's second U.S. industrial divestment in 2025, following a $328 million sale of a 1.8 million-square-foot portfolio in June as reported. The assets were previously held within the Mapletree US & EU Logistics Private Trust (MUSEL), a $4.3 billion closed-end fund launched in 2019 to target logistics properties near transit corridors and e-commerce hubs according to data.

The sale reflects sustained institutional demand for Sun Belt industrial real estate, driven by population growth, e-commerce expansion, and proximity to transportation networks according to analysis. Eastdil Secured advised Mapletree on the transaction, with an average sale price of approximately $100 per square foot according to reports. Mapletree, which manages 70 million square feet of U.S. industrial assets, emphasized its continued focus on core markets, with the U.S. representing 25% of its $60.1 billion global assets under management as of March 2025 as noted.

The deal underscores a broader trend of capital reallocation within the logistics sector, as firms like Mapletree prioritize liquidity and strategic reinvestment. Analysts note that Sun Belt logistics hubs remain attractive due to their alignment with shifting supply chain dynamics and demographic patterns according to industry analysis. This transaction is expected to close fully by year-end 2025 as reported.