Temasek-backed Mapletree Investments completed the acquisition of two portfolios of logistics assets in the US for $3bn.

Temasek-backed Mapletree Investments, a Singapore-based property developer and manager, completed the acquisition of two portfolios of logistics assets in the US for $3bn. The properties will form a seed portfolio for a potential U.S. logistics private fund. The purchases bring Mapletree’s global logistics assets under management to about $18.7bn.