When evaluating the possibility of investing in a condominium, one must also take into consideration the potential rental yield. This refers to the annual rental income as a percentage of the property’s purchase price. In Singapore, rental yields for condos can differ greatly depending on factors such as location, property condition, and market demand. Typically, areas with high rental demand, like those situated near business districts or educational institutions, tend to offer more favorable rental yields. It is crucial to conduct thorough market research and seek guidance from real estate agents to gain valuable insights into the rental potential of a specific condo. You can also check out Singapore Projects for more information.
Mapletree Investments has made its first foray into the UK logistics market with the acquisition of a new property, and has also added 10 warehouses in Spain to its portfolio for a total of EUR315.1 million ($444.5 million).
The purchases, totalling 256,000 sqm, will be included in the initial assets of Mapletree’s second European logistics fund. This reflects the group’s intention to increase its focus on the logistics sector and expand its global presence, according to the company’s press release on January 27. The fund will be launched when it reaches a sufficient scale.
Mapletree’s CEO of European commercial and logistics operations, Ralph van der Beek, explains that the logistics sector continues to be highly attractive to both occupiers and investors, with e-commerce driving demand and companies looking to strengthen their supply chains.
The property in the UK is located in Derby Commercial Park, with access to major roads such as the M1, A50, and A6, and is in close proximity to the city centre and East Midlands Airport. Mapletree notes that the tenant at this property has recently renewed its long-term lease.
The 10 warehouses in Spain are located in strategic logistics hubs in Barcelona, Valencia, and Madrid, with easy access to the city centres through various transportation modes. These properties are expected to benefit from the commitment of third-party logistics providers and manufacturers who have their production facilities nearby and have made investments in automation and fit-outs at these locations.
With these new acquisitions, Mapletree now owns 80 logistics properties across eight countries.