EQT Buys East Coast Warehouses From Mapletree for $575 Million

Mapletree Investments Pte agreed to sell a portfolio of East Coast warehouses to EQT Real Estate for $575 million.

The sale includes 4.4 million square feet (412,000 square meters) of real estate, with 25 warehouses stretching from Connecticut to Florida, according to a statement.

The assets are held in two closed-end trusts. Most are in the Mapletree US & EU Logistics Private Trust, and one property is held in the Mapletree US Logistics Private Trust.

The deal is expected to close this month and will mark the firm’s fourth US logistics divestment in the past year, according to the statement. ...