Singapore's Mapletree Investments has agreed to sell a portfolio of East Coast warehouses to EQT Real Estate for $575 million. The transaction includes 4.4 million square feet of industrial space across 25 properties stretching from Connecticut to Florida, marking EQT's fourth US logistics divestment in the past year.

Most of the assets are held in the Mapletree US & EU Logistics Private Trust, with one property in the Mapletree US Logistics Private Trust. The deal is expected to close this month. EQT cited growing demand for well-located warehouse space driven by e-commerce and third-party logistics tenants as justification for the acquisition.

Mapletree launched the US & EU Logistics Private Trust in 2019 with $4.3 billion in assets under management, comprising 262 properties across the Americas and Europe. The US Logistics Private Trust was established in 2021 with $3.3 billion in assets spanning 155 US properties. The sale represents a significant move in the industrial real estate market as investors continue to bet on logistics infrastructure.