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When it comes to investing in a condo, securing financing is a crucial factor to consider. Singapore has a variety of mortgage choices available, but it is important to be familiar with the Total Debt Servicing Ratio (TDSR) framework. This framework sets a limit on the amount of loan a borrower can take, taking into account their income and current debt obligations. It is imperative for investors to understand the TDSR and seek guidance from financial advisors or mortgage brokers. This will enable them to make well-informed decisions about financing options and avoid over-leveraging. With the help of these professionals, investors can confidently invest in a Singapore Condo, knowing they have made wise choices for their financial situation.
Mapletree Investments has made its first foray into the UK logistics market with the acquisition of a property for EUR315.1 million ($444.5 million). In addition, the company has secured 10 warehouses in Spain, adding 256,000 sqm to its portfolio. These acquisitions will serve as the foundation for the group’s second European logistics-focused fund and align with its strategy to expand its global presence, according to a Jan 27 press release.
The launch of the fund will be timed to maximize its potential with a strong foothold in the market. “Logistics remains a highly attractive sector, driven by strong demand from both occupiers and investors. With the ongoing rise of e-commerce, companies are prioritizing their supply chain management and expanding their warehouses,” says Ralph van der Beek, CEO of Mapletree’s European commercial and logistics arm.
He also looks forward to the assets contributing stable and recurring returns in the long term. The UK property, located in Derby Commercial Park, benefits from easy access to major roads such as M1, A50, and A6, and is in close proximity to the city center and East Midlands Airport. The tenant has recently renewed their long-term lease, making it a valuable asset for the group.
The warehouses in Spain are situated in prime locations in Barcelona, Valencia, and Madrid, with immediate access to the city center and various modes of transportation. These assets are in high demand from third-party logistics providers and manufacturers due to their close proximity to production facilities and investments in automation and fit-outs on site.
With these acquisitions, Mapletree now has a total of 80 logistics properties spread across eight countries.