Mapletree Investments has sold a 1.38m sqft US logistics portfolio to Dalfen Industrial for $207.5m (€178.6m).
The mid-shallow bay logistics portfolio includes 19 warehouse assets comprising 13 in Dallas–Fort Worth, four in Chicago and one each in Cincinnati, Ohio and Indianapolis, Indiana.
Sean Dalfen, president and CEO, Dalfen Industrial, said: “This acquisition provides immediate scale in one of our highest conviction submarkets in DFW and the Midwest.”
Mapletree said the sale of the portfolio, which was done on behalf of the Mapletree US & EU Logistics Private Trust, represents the group’s fifth divestment of a US warehouse portfolio, following the completion of nearly $1.3bn in total logistics asset sales since June 2025.
As of 31 March 2025, the US accounted for approximately 25% of the group’s $60.1bn assets under management, which includes logistics, data centre, office, student housing and multifamily properties.
Richard Prokup, chief executive officer, US, Mapletree, said: “We’re pleased to deliver another strong result for our investors through this strategic disposition. As we redeploy capital, we are prioritising development opportunities that meaningfully advance the scale and competitiveness of our national industrial pipeline.”
John Paul Chua, director, investment, US, Mapletree, said: “We congratulate Dalfen on this well-executed closing, our first transaction with the firm. The successful outcome highlights the collaboration demonstrated by all parties throughout the process.”
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