Mapletree unveils huge investment in logistics

Mapletree
The Singapore-based real estate asset manager Mapletree Investment Pte, has recently decided to make huge investment in the Indian logistics and office space sector across key cities. It may be recalled that Mapletree has recently concluded the acquisition of Chennai-based information technology park SP Infocity for around Rs 2,400 crore, marking its return seven years after it had made its first and only investment in the country. Mapletree will adopt a bottom-up approach where it will start by creating a portfolio on its own. As an institutional investor, it typically looks at large acquisitions. In India, it will do a mix of acquisitions as well as work on brown field or green field projects with select developer partners. In October, Mapletree acquired a 16.5 million sq ft logistics portfolio for $1.1 billion from Prologis, Inc in a bid to increase its global footprint as a logistics real estate provider and to venture beyond Asia.

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