Mapletree Investments

Mapletree Industrial Trust and Mapletree Investments to acquire US$1.4 bil data centre portfolio in North America

SINGAPORE (Sept 16): Mapletree Industrial Trust (MIT) and Mapletree Investments have formed a joint venture to acquire a US$1.4 billion ($1.9 billion) data centre portfolio in North America. The acquisition is expected to be DPU and NAV accretive to unitholders, says the manager of MIT. 

The manager of MIT said it plans to raise at least $350 million via a private placement to partially fund the acquisition. It plans to sell 158.3 million new units priced at between $2.211 and $2.265 each. Debt financing will also be used to fund the remainder.

Mapletree eyes $10 bil of deals a year as more funds planned

SINGAPORE (June 17): Mapletree Investments may strike up to $10 billion of deals annually buying and selling properties as it seeks to set up more private funds over the next five years.

MapletreeLog consolidates its stronghold in Singapore

SINGAPORE (Oct 9): OCBC Investment Research continues to rate Mapletree Logistics Trust (MLT) a “buy” with a target price of $1.37.

This came on the back of the trust completing its acquisition of a portfolio of five modern ramp-up logistics properties in Singapore from CWT on Sept 28, following relevant approvals and successful private placement exercise.

Ascendas REIT's next phase: A player in Singapore's Smart Nation initiative

SINGAPORE (May 7): Few real estate investment trust managers have spoken extensively about the use of technology in their properties. William Tay, the new CEO of Ascendas REIT’s manager, emphasised that PropTech was among his priorities when he met analysts and the media on April 23 at its year-end results briefing. Ascendas REIT is Singapore’s largest REIT by assets under management (AUM) and market cap, and it is encouraging that Tay is able to link being a player in Singapore’s Smart Nation initiative back to distributions to unitholders.

What a bigger foothold in China means for Mapletree Logistics Trust

SINGAPORE (Apr 30): OCBC Investment Research is maintaining its “buy” recommendation on Mapletree Logistics Trust (MLT) with a lower fair value of $1.44 from $1.48 previously to account for a lower distribution of divestment gains from 7 Tai Seng Drive.

This comes post the release of the REIT’s 4Q18 results, which met the research house’s expectations for both the quarter and full year.

See: Mapletree Logistics Trust posts 4.1% increase in 4Q DPU to 1.937 cents

Mapletree Industrial Trust in JV to acquire 14 data centres in US for $1.02 bil

SINGAPORE (Oct 24): Mapletree Industrial Trust has formed a joint venture with Mapletree Investments to acquire a portfolio of 14 data centres in the US for $1.02 billion.

See also: Mapletree Industrial Trust's 2Q DPU up 6% to 3 cents on one-off gain

MIT will hold 40% stake in the JV called Mapletree Redwood Data Centre Trust while Mapletree Investments will hold the other 60%.

The properties portfolio was acquired from Carter Validus Mission Critical REIT, Inc.

Mapletree Logistics Trust to acquire Hong Kong warehouse for $834.8 mil

SINGAPORE (Aug 28): Mapletree Logistics Trust is acquiring Mapletree Logistics Hub Tsing Yi in Hong Kong for HK$4.8 billion ($834.8 million), the trust manager said in a Monday announcement.

The seller is Mapletree Overseas Holdings, a wholly owned subsidiary of Mapletree Investments.

Mapletree acquires portfolio of US & Canada assets worth $2.2 bil

SINGAPORE (June 2): Mapletree Investments, the Temasek-backed property development, investment and capital management company, acquired a portfolio of assets from Kayne Anderson Real Estate Advisors worth US$1.6 billion ($2.2 billion).

The portfolio comprises eight purpose-built student housing assets with 3,611 beds in the US and 140 beds in Canada, as well as four multi-family assets with 1,388 units in the US.

Citigroup Global Markets acted as the exclusive financial adviser to Kayne Real Estate on the entirety of the sale transactions with Mapletree.

Mapletree Investments full-year earnings hit record high of $1.4 bil

SINGAPORE (May 31): Mapletree Investments announced record earnings of $1.4 billion for FY16/17, up 46.5% compared FY14/15.

This came on the back of strong recurring earnings, investment and other gains, as well as revaluation gains.

CapitaLand, Mapletree continue to top APAC rankings for highest total AUM

SINGAPORE (May 25): Singapore-based property groups CapitaLand and Mapletree Investments have once again topped overall rankings in the list of Asia Pacific managers with the highest total real estate assets under management (AUM), according to the ANREV/INREV/NCREIF Fund Manager Survey 2017.

For the second time, the survey has a global outreach, with 177 fund managers globally completing the questionnaire. The majority of fund managers were from Europe (90) followed by those domiciled in Asia Pacific (52) and North America (35).

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