Mapletree Investments Pte Ltd. has sold a 2.4 million-square-foot industrial portfolio to EQT Real Estate for $241.2 million. This transaction marks the group’s second U.S. warehouse portfolio divestment following the sale of a 1.8 million-square-foot industrial portfolio comprising 30 shallow-bay buildings for $328 million in June 2025.

The portfolio comprises 10 bulk warehouse assets located in high-growth innovation hubs across the Sun Belt states of Georgia, Florida and Texas. Eastdil Secured represented Mapletree in the transaction. The portfolio transaction is expected to be fully completed by late 2025.

The divested assets were held under Mapletree U.S. & E.U. Logistics Private Trust (MUSEL), a closed-end private fund launched in 2019 with a diversified Pan-American and Pan-European portfolio totaling $4.3 billion in assets under management at the fund’s inception. The original portfolio comprised 262 strategically located assets, well-connected to trans