The Singapore investment fund Mapletree Investments has raised €1.7 billion for MUSEL, its first pan-European and US logistics fund. The fund comprises a total of 262 logistics assets in 20 cities across seven countries throughout the European Union – including in Spain, France, Germany and Poland – as well as in 26 states of the United States of America with an investment value of €6.1 billion.
MUSEL’s portfolio spans a surface area of around 5.2 million square metres, has an average occupancy of 94.3% and a WAULT (weighted average unexpired lease term) of 4.4 years. Its tenant base is diverse and comprises consumer goods, third-party logistics and support industries firms, as well as e-commerce tenants, which account for two-thirds of the portfolio per rented area.
