Owning a condo in Singapore offers numerous benefits, one of which is the potential for capital appreciation. This can be attributed to Singapore’s advantageous position as a global business hub, along with its strong economic foundations. Such factors contribute to the continual demand for real estate in the country. Over the years, the real estate market in Singapore has displayed a consistent upward trajectory, particularly in prime locations where condos are situated. As a result, investors who wisely enter the market at the opportune time and maintain their properties for the long term have the opportunity to reap significant capital gains. To explore more opportunities for investing in stunning Singapore projects, check out Singapore Projects.
Mapletree makes first logistics property acquisition in UK, acquires 10 warehouses in Spain for EUR315.1m
Mapletree Investments has made its first foray into the logistics property market in the UK and has also acquired 10 warehouses in Spain for a total value of EUR315.1 million ($444.5 million). The properties will be part of the seed assets for the group’s second European logistics-focused fund and reflect Mapletree’s strategy to deepen its focus in the logistics sector and expand its global footprint, according to a press release on Jan 27. The fund is expected to be launched “at an appropriate time after achieving sufficient scale”. “Logistics remains a highly attractive sector that has consistently enjoyed strong demand from occupiers as well as investors. E-commerce continues to thrive and companies are making efforts to secure and expand their supply chains,” explains Ralph van der Beek, CEO of Mapletree’s European commercial and logistics arm. He adds that the group looks forward to these assets delivering “stable and recurring returns over the long run”. The UK property is located in Derby Commercial Park, with access to major arterial roads such as the M1, A50 and A6. It is also close to the city centre and the East Midlands Airport. The tenant has recently renewed its long-term lease, according to Mapletree. The assets in Spain are situated in core logistics hubs with immediate access to the city centre through various transportation modes, and are located across the first rings of Barcelona, Valencia and Madrid. Mapletree says these assets will benefit from third-party logistics providers and manufacturers that are highly committed to the properties due to their proximity to their production facilities, as well as investments dedicated to automation and fit-outs on site. Following the acquisitions, the group now has 80 logistics assets spread across eight countries.