Singaporean investor Mapletree Investments has made its first UK acquisition as part of a €315.1m (£266.4m) European push.
The company has acquired Derby Commercial Park from Panattoni and, in a separate deal, a portfolio of 10 logistics assets in Spain.
Ralph van der Beek, the company’s chief executive for commercial and logistics in Europe, said: “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. We are excited to expand our footprint into the UK as well as in Europe, and look forward to these institutional quality assets delivering stable and recurring returns over the long run.”
