Mapletree Investments has sold a 576,852sqft industrial portfolio in the Washington DC area to an affiliate of Equus Capital Partners.
The $102.6m (€86.6m) transaction marks the group’s third US warehouse portfolio divestment, following the sale of a 2.4m sqft portfolio of 10 bulk warehouse assets for $241.2m in July, and a 1.8m sqft portfolio of 30 shallow-bay buildings for $328m in June 2025.
Richard Prokup, CEO for the US at Mapletree, said: “We’re proud to deliver another compelling result for our investors. This third divestment illustrates the strength of Mapletree’s investment strategy and our expertise in managing our industrial portfolios.
“The group remains committed to our long-term growth in the US and will continue to pursue industrial development opportunities nationwide and other high-quality logistics assets that create long-term value.”
The last-mile portfolio comprises six warehouses and is located within Collington Industrial Park in Upper Marlboro, Maryland, which Mapletree said is one of the highest-performing industrial parks in the Prince George’s County submarket, based on vacancy rates.
The divested assets were held under Mapletree US & EU Logistics Private Trust, a $4.3bn global closed-ended private fund launched in 2019.
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