The Business Times
business-time-50

Mapletree acquires logistics assets in the US, Europe

Published Wed, Oct 3, 2018 · 09:50 PM

    Singapore

    MAPLETREE Investments has acquired a 16.5 million sq ft logistics portfolio for US$1.1 billion (S$1.54 billion) from Prologis, Inc.

    The assets are 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, Mapletree said on Wednesday.

    Logistics

    TRENDING NOW

    From left: Pham Nhat Quan Anh, Pham Nhat Vuong, Pham Thu Huong and Pham Nhat Minh Hoang. The couple (centre) remain senior figures in Vingroup, with their children’s presence in the ecosystem growing.

    He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons

    Asian investors continue to allocate capital to global markets, while maintaining significant exposure to US assets. 

    Despite the de-dollarisation debate, demand for dollar liquidity in Asia is growing

    Dr Mari Elka Pangestu says unilateralism is “concerning” as Asean’s growth model depends upon openness and a rules-based global order.

    Asean’s challenge is to become resilient against global geopolitics: former Indonesia trade minister

    The Philippines has lost between 42.3 billion pesos (US$675.6 million) and 118.5 billion pesos to flood-control corruption since 2023.

    Floods compound Philippine growth woes from public-works scandal

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More