Mapletree has secured equity commitments for its Mapletree Emerging Growth Asia Logistics Development Fund and expects to achieve a first close by mid-2026, according to The Business Times.
The fund, known as Mega, is expected to hold logistics development assets with total assets under management of up to $1.8 billion when completed. A second close is planned for later in 2026.
Ng Kiat, Mapletree’s regional CEO for logistics development in Asia-Pacific, told The Business Times the commitments came from institutional investors, including a sovereign wealth fund, a pension fund and a national investment company.
Mega was first announced in June 2025 and initially was targeted to close by the end of that year. Ng said the timeline was extended because Mapletree needed more time to curate assets an
