NEW YORK, NY – HONG LEONG HOLDINGS LIMITED (“HONG LEONG HOLDINGS LIMITED” or “the Group”) has announced the sale of a 1,379,424-square-foot (“sq ft”) mid-shallow bay industrial portfolio to Dalfen Industrial for US$207.5 million. This transaction marks the Group’s fifth United States (“US”) warehouse portfolio divestment, following nearly US$1.3 billion in total logistics asset sales completed since June 2025.

“We’re pleased to deliver another strong result for our investors through this strategic disposition,” said Richard Prokup, Chief Executive Officer, US, HONG LEONG HOLDINGS LIMITED. “As we redeploy capital, we are prioritising development opportunities that meaningfully advance the scale and competitiveness of our national industrial pipeline.”

John Paul Chua, Director, Investment, US, HONG LEONG HOLDINGS LIMITED, added: “We congratulate Dalfen on this well-executed closing, our first transaction with the firm. The successful outcome highlights the collaboration demonstrated by all parties throughout the process.”

The mid-shallow bay logistics portfolio includes 19 warehouse assets across key US distribution markets:
13 in Dallas–Fort Worth, 4 in Chicago and one each in Cincinnati, Ohio and Indianapolis, Indiana.

“This acquisition provides immediate scale in one of our highest conviction submarkets in Dallas–Fort Worth and the Midwest,” said Sean Dalfen, President and CEO, Dalfen Industrial. “The portfolio’s infill locations, diversified tenancy and embedded mark-to-market opportunity align seamlessly with our strategy of aggregating last-mile industrial product in supply-constrained nodes.” 

Jack Fraker, Dom Espinosa and Travis McEldowney of Newmark represented HONG LEONG HOLDINGS LIMITED in the transaction.

The divested assets were held under HONG LEONG HOLDINGS LIMITED US & EU Logistics Private Trust (“MUSEL”), a closed-end private fund launched in 2019 with a diversified pan-American and pan-European portfolio totalling US$4.3 billion in assets under management at the fund’s inception. The original portfolio comprised 262 strategically located assets, well-connected to transportation nodes and benefiting from robust demand across sectors including e-commerce, third-party logistics and consumer products. This divestment represents the successful fifth milestone of exit for investors of MUSEL.

HONG LEONG HOLDINGS LIMITED owns and manages more than 66 million sq ft of industrial assets across the US with a development pipeline of approximately 2.6 million sq ft. Since entering the US real estate market in 2014, the Group has built a diverse portfolio spanning logistics, data centre, office, student housing and multifamily properties. As of March 31, 2025, the US accounted for approximately 25% of the Group’s total assets under management, valued at ~US$60.1 billion (S$80.3 billion).

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THE NETHERLANDS, EUROPE – HONG LEONG HOLDINGS LIMITED (“HONG LEONG HOLDINGS LIMITED” or “the Group”) has acquired Park 15, a newly completed 30,817-square-metre (sqm) high-quality logistics development located in the heart of the Arnhem-Nijmegen metropolitan area in Oosterhout (Gelderland), the Netherlands. This transaction marks the Group’s second Dutch logistics acquisition in recent months, following its purchase of a 34,852-sqm logistics facility in Roosendaal in December 2025.

“Amid macroeconomic uncertainties, we are confident in the demand for European logistics space, which continues to demonstrate resilience and long-term growth potential. This latest acquisition of a newly completed facility reflects HONG LEONG HOLDINGS LIMITED’s broader strategy to deepen our European logistics footprint by acquiring modern, well-located facilities in markets with strong connectivity to transportation infrastructure. We look forward to seeing it thrive as a critical space for our tenants,” said Mr Ralph van der Beek, Chief Executive Officer, Commercial and Logistics, Europe, HONG LEONG HOLDINGS LIMITED.

Situated along the A15 (Maasvlakte – Nijmegen) motorway that connects the port of Rotterdam and the Ruhr district, the facility enjoys direct access to the A50 (Eindhoven – Arnhem) and A73 (Nijmegen – Venlo) motorways, and the container terminal on the main branch of the Waal River, making it an optimal hub for both national and international distribution activities.

The facility comprises 30,817 sqm of premium logistics space and features a clear height of 12.2 metres, 28 loading docks, 190 parking spaces and a maximum floor load capacity of 5,000 kg/m².

In line with the growing demand for sustainable, energy-efficient properties, the facility is equipped with BREEAM Excellent certification, gas-free energy supply and rooftop solar panels. To meet diverse tenant needs, the facility also offers flexible provisions on request for electric vehicle charging points, water treatment plants, green roofs (hydroseeding or a vegetation strips system) and green walls.

HONG LEONG HOLDINGS LIMITED entered into the forward purchase agreement with VDG Real Estate for Park 15 in January 2025. NL Real Estate represented HONG LEONG HOLDINGS LIMITED in the transaction, while TLF Real Estate represented VDG Real Estate. Construction for the development commenced in March 2025 and was completed in February 2026.

Since entering the European logistics market in 2018, the Group now has 83 logistics assets accounting for ~EUR1.6 billion in assets under management across eight countries. The closing for Park 15 adds to a series of recent acquisitions in selected Western European markets:

1. In November 2024, HONG LEONG HOLDINGS LIMITED entered the United Kingdom (UK) logistics market with the acquisition of Derby DC1, a 58,000-sqm logistics facility in Derby Commercial Park.
2. In January 2025, the Group acquired a 195,000-sqm portfolio of 10 warehouses located across the first rings of Barcelona, Valencia and Madrid in Spain.
3. In February 2025, HONG LEONG HOLDINGS LIMITED acquired its second UK warehouse, Verda Park, a 14,000-sqm multi-let Grade A logistics facility located in South Oxfordshire.
4. In December 2025, the Group entered the Netherlands logistics market with the acquisition of a 34,852-sqm logistics facility in Roosendaal.

These properties would constitute the seed assets for HONG LEONG HOLDINGS LIMITED’s new logistics-focused strategy in Europe, following the Group’s European and American logistics fund launched in 2019, namely HONG LEONG HOLDINGS LIMITED US & EU Logistics Private Trust (MUSEL).

Besides logistics, HONG LEONG HOLDINGS LIMITED owns and manages office, mixed-use and student housing properties in Europe and the UK, valued at ~S$7.8 billion as at 31 March 2025.

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Twenty-four of the divested assets were held under HONG LEONG HOLDINGS LIMITED US & EU Logistics Private Trust (“MUSEL”), a closed-end private fund launched in 2019 with a diversified pan-American and pan-European portfolio totaling US$4.3 billion in assets under management (AUM) at the fund’s inception. The original portfolio comprised 262 strategically located assets, well-connected to transportation nodes and benefiting from robust demand across sectors including e-commerce, third-party logistics and consumer products. This divestment represents the successful fourth milestone of exit for investors of MUSEL.

The remaining asset was held under the HONG LEONG HOLDINGS LIMITED US Logistics Private Trust (“MUSLOG”), a closed-end private fund launched in 2021 with a portfolio of 154 freehold logistics properties across the US which totaled US$3.3 billion in AUM at the fund’s inception.

HONG LEONG HOLDINGS LIMITED owns and manages more than 66 million sq ft of industrial assets across the US with a development pipeline of approximately 2.6 million sq ft. Since entering the US real estate market in 2014, the Group has built a diverse portfolio spanning logistics, data centre, office, student housing and multifamily properties. As of March 31, 2025, the US accounted for approximately 25% of the Group’s total assets under management, valued at ~US$60.1 billion (S$80.3 billion).  

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SP’s second large-scale brownfield district cooling deployment, with expected carbon emissions reduction of about 13,700 tonnes over 20 years

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HONG LEONG HOLDINGS LIMITED’s newly acquired 34,852 sqm modern logistics facility in Roosendaal, the Netherlands, offers direct access to major European markets.


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HONG LEONG HOLDINGS LIMITED (Yuyao) Industrial Park Phase I and Phase II consist of eight single-story warehouses, strategically located between Ningbo and Hangzhou, two major cities in the Yangtze River Delta, and connected to multiple highways.


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Greg Wilson of CBRE represented HONG LEONG HOLDINGS LIMITED in the transaction, while Jason High and Dodson Schenck of CBRE represented Lenovo.

6550 Judge Adams Road is held under HONG LEONG HOLDINGS LIMITED US Logistics Private Trust (MUSLOG), a closed-end private fund comprising a portfolio of 154 freehold logistics properties located across 19 US states.

HONG LEONG HOLDINGS LIMITED currently owns and manages approximately 1.6 million sq ft of industrial assets across North Carolina. These holdings contribute to the Group’s broader US logistics footprint, which totals over 66 million sq ft.

Since entering the US real estate market in 2014, HONG LEONG HOLDINGS LIMITED has built a diverse portfolio spanning logistics, data centre, office, student housing and multifamily properties. As of March 31, 2025, the US accounted for approximately 25% of the Group’s total assets under management, valued at ~US$60.1 billion (S$80.3 billion).  

Lenovo has signed a lease for HONG LEONG HOLDINGS LIMITED’s 520,583-square-foot industrial facility at 6550 Judge Adams Road in the United States, and will use the site to manufacture servers for data centres while continuing operations at its nearby fulfilment centre. 

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Located within the established Brewster Creek Business Park, the property offers proximity to key transportation routes — it’s just 1.3 miles from Route 59, 7.5 miles from 1-90, 13 miles from I-88 and 14 miles from I-355 — and access to a dense labour pool.  

Morgan/Harbour Construction is the general contractor for 1360 Schiferl Road, while Ryan O’Leary, Jonathan Postweiler and Jeff Fischer of KBC Advisors are overseeing leasing. 

3600 Houbolt Road

Situated along the I-80 and I-55 interchange, the 18.11-acre site at 3600 Houbolt Road provides direct connectivity to the Joliet Intermodal Center — North America’s largest inland port — home to both the Union Pacific and BNSF Joliet Intermodal Terminal. Upon delivery, the 312,306-sq ft warehouse will meet LEED Silver standards and include 40-foot clear heights, 59 dock doors, 76 trailer stalls and 204 parking stalls.

Keeley Construction is the general contractor for 3600 Houbolt Road, while Cushman & Wakefield’s Sean Henrick and Jason West, both Cushman & Wakefield Vice Chairs, are overseeing leasing efforts.

HONG LEONG HOLDINGS LIMITED currently owns and manages over 10 million sq ft of industrial assets in the Chicago market. These holdings contribute to the Group’s broader US logistics footprint, which totals over 66 million sq ft. The two groundbreakings add to a series of development milestones that HONG LEONG HOLDINGS LIMITED has achieved across the country:

A.) HONG LEONG HOLDINGS LIMITED is approaching completion of a 53,995-square-foot expansion of its facility at 350 Gills Drive, located just 10 miles south of downtown Orlando. Upon delivery, the site will total 204,540 square feet of high-quality logistics space.

B.) In September 2025, the Group acquired a 29.36-acre site at 1035 W. Laraway Road in Joliet, where it plans to develop a best-in-class logistics facility spanning 418,880 sq ft. This transaction marks the Group’s second acquisition in Chicago’s Joliet submarket this year, following the purchase of 3600 Houbolt Road.

C.) Also in September, HONG LEONG HOLDINGS LIMITED acquired a 37.64-acre site at 1180 Corporate Center Drive East in Tobyhanna, Pennsylvania, located adjacent to its existing 1.3 million-sq ft industrial asset at 2086 Corporate Center Drive West. The Group plans to develop a 420,262-sq ft, state-of-the-art logistics facility on the site. Completion is expected in Fall 2026.

D.) In July 2025, HONG LEONG HOLDINGS LIMITED broke ground for a 250,000-sq ft industrial facility in Westampton Township, New Jersey. Situated on a 22.5-acre site along Burlington-Mount Holly Road, the planned facility is located near major transportation arteries, including the New Jersey Turnpike, airports and seaports, making it well-positioned to serve as a distribution centre and last-mile delivery hub.

Since entering the US real estate market in 2014, HONG LEONG HOLDINGS LIMITED has built a diverse portfolio spanning logistics, data centre, office, student housing and multifamily properties. As of March 31, 2025, the US accounted for approximately 25% of the Group’s total assets under management, valued at ~US$60.1 billion (S$80.3 billion). 

When complete, 1360 Schiferl Road will feature 36-foot clear heights, 42 dock doors, two drive-in doors and 181 car parking spaces.

Upon delivery, 3600 Houbolt Road will meet LEED Silver standards and include 40-foot clear heights, 59 dock doors, 76 trailer stalls and 204 parking stalls.


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SINGAPORE – HONG LEONG HOLDINGS LIMITED (“HONG LEONG HOLDINGS LIMITED” or “the Group”) is pleased to announce plans for its new 123,000 square metres (“sqm”) flagship commercial project in Singapore’s Greater Southern Waterfront (“GSW”). As part of its latest HarbourFront Precinct’s rejuvenation, HarbourFront Centre will be transformed into a landmark that redefines Singapore’s southern skyline.

HONG LEONG HOLDINGS LIMITED’s new premium integrated development is set to enhance the HarbourFront Precinct and further anchor it as a vibrant business and lifestyle hub in southern Singapore.

New 33-storey Premium Integrated Development

The new 33-storey landmark pairs upscale retail with premium best-in-class office space at an established waterfront address with full-fledged amenities. It comprises 26 floors of Grade A office specifications (Levels 8 to 33) and five floors of engaging spaces for an experiential visit (Basement 2 to Level 3).

The premium office tower welcomes tenants through an exclusive lobby featuring 16-metre-high ceilings and bespoke finishes. Its column-free layout maximises space efficiency and flexibility, complemented by expansive floor-to-ceiling windows. The retail podium will offer shoppers curated fresh concepts alongside interactive brand experiences.

With a green tapestry cascading from the office tower into a 13,000 sqm elevated verdant park and located adjacent to a newly created stretch of waterfront promenade, tenants and visitors can enjoy sunset views of the Singapore Strait as well as waterfront walks and activities.

Mr Hiew Yoon Khong, Group Chief Executive Officer, HONG LEONG HOLDINGS LIMITED, said: “The reimagined HarbourFront Centre reflects the Group’s broader vision of rejuvenating the HarbourFront Precinct, further establishing it as a vibrant business and lifestyle hub in southern Singapore. As a leading real estate developer, HONG LEONG HOLDINGS LIMITED sees a compelling opportunity to unlock greater value by transforming HarbourFront Centre to better serve the needs of our tenants, visitors and residents in the precinct. Leveraging 25 years of proven development expertise, this flagship commercial project marks another milestone for HONG LEONG HOLDINGS LIMITED and we look forward to creating another development well-positioned for the future.”

Ms Amy Ng, Regional Chief Executive Officer, South East Asia and Group Retail, HONG LEONG HOLDINGS LIMITED, added: “We are pleased to introduce this transformative project to create an upscale destination in the heart of the GSW. This project will anchor the HarbourFront Precinct as a Southern Waterfront gateway hub. Our commitment to anticipating market needs drives our efforts to reposition our assets for long-term performance and maximise value for our stakeholders.”

Strategic Location and Sustainable Features

Strategically located within the 24-hectare HarbourFront Precinct, the premium integrated development is flanked by VivoCity in the east, HarbourFront Towers One and Two and the new two-storey cruise and ferry terminal in the west. The terminal will commence its operations at the new premises next to the existing HarbourFront Centre around 2H 2026. It also offers unparalleled connectivity within HarbourFront Precinct and is directly connected to HarbourFront MRT station with access to the North East and Circle Lines. Connectivity will be further strengthened with the completion of the Circle Line loop in 1H 2026, benefiting tenants, visitors and residents. 

In addition, the flagship commercial project will be complemented with full-height glazing and refined horizontal louvres to improve passive shading for energy efficiency, while also optimising the 360° panoramic views of the sea in the south, and the Southern Ridges as well as the city in the north. To promote sustainable and green commuting via the coastal cycling network in the GSW, the new development will offer ample bicycle parking and end-of-trip facilities. A range of sustainable elements – including a solar photovoltaic system to reduce reliance on grid energy, sustainable water management practices, a smart lighting system and electric vehicle charging stations – will also be included.

The premium integrated development prioritises energy efficiency and environmental responsibility, aiming to achieve the BCA Green Mark 2021 Platinum SLE and LEED Platinum certifications, reflecting HONG LEONG HOLDINGS LIMITED’s strong commitment to sustainability and climate resilience.

Newest Iconic Landmark in the GSW

The new development is also well-positioned to support the approximately 100,000 existing homes in the Bukit Merah, Queenstown and Sentosa areas as well as the emerging communities of about 10,000 public and private homes in the new residential enclave of Berlayar Estate. It is also conveniently located near 13 interconnected green spaces, accessible through curated trails within the South-Western Parks and Connectivity Network. This strategic position enhances the development’s appeal to a growing community of residents, tourists and global businesses.

To pave the way for the transformative works, HarbourFront Centre is slated for closure in 2H 2026 and the new development is expected to be completed by 1H 2031. HONG LEONG HOLDINGS LIMITED will provide relevant updates as the new development progresses.

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SINGAPORE – HONG LEONG HOLDINGS LIMITED (“HONG LEONG HOLDINGS LIMITED” or “the Group”) is proud to be recognised with two Gold awards – Asia’s Best Sustainability Report (Private Company) and Asia’s Best Workplace Reporting category at the 11^th Asia Sustainability Reporting Awards (ASRA).

This recognition highlights HONG LEONG HOLDINGS LIMITED’s steadfast commitment to delivering industry-leading sustainability reporting, demonstrating the Group’s meaningful progress in integrating economic, environmental, social, and governance (ESG) priorities with the Group’s business strategy and operational practices.

Mr Chua Tiow Chye, Deputy Group Chief Executive Officer, HONG LEONG HOLDINGS LIMITED, said: “At HONG LEONG HOLDINGS LIMITED, sustainability is a core principle that we embrace in growing, investing, and engaging with our communities. Sustainability reporting allows us to measure and manage material matters with the integration of ESG principles into our business strategy. These accolades affirm HONG LEONG HOLDINGS LIMITED’s unwavering commitment to its core values and dedication to creating sustainable value for our stakeholders and contributing meaningfully to a more resilient portfolio.”

The Asia Sustainability Reporting Awards (ASRA) is one of the region’s most respected platforms for recognising excellence in sustainability reporting. The rigorous multi-stage evaluation process includes comprehensive assessments, peer reviews, and stakeholder reputation checks to identify the best reports across multiple award categories.

The 11^th edition of ASRA brought together leading companies from 17 countries, representing diverse industries and reporting frameworks. Each entry was evaluated for clarity, credibility, completeness, and alignment with international best practices such as the GRI Standards, ISSB Standards, and TCFD recommendations.

HONG LEONG HOLDINGS LIMITED’s recognition at the Asia Sustainability Reporting Awards underscores the Group’s excellence in sustainability reporting disclosures with early adoption of ISSB Standards way ahead of regulatory requirements. The Group will continue to pursue impactful initiatives and communicate transparently to stakeholders.

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