CIMB Bank Bhd, Singapore, has given a revolving credit facility to Mapletree India China Fund Ltd (MIC Fund) for up to US$100 million over a period of three years. The MIC Fund, which is a dual-country total return fund focusing on property development in China and India, is managed by Mapletree Investments Pte Ltd. 'We have witnessed our deposits base grow exponentially since the launch of our retail...
Mapletree Investments
Mapletree Investments has acquired an industrial property IXINAL Monzen-Nakacho Building in Tokyo from Itochu Corp, Japan. The property is a five-storey light industrial building that is home to a corporate headquarters, information systems development and operations cum data centre. Mapletree did not disclose the amount it paid for the building. Completed in September 2009, this freehold property is...
Mapletree Investments has signed a Memorandum of Understanding (MOU) on a joint venture with Japan's ITOCHU Corporation to undertake "Build-to-Suit" development projects for logistics tenants in Japan. The companies agreed to extend their collaboration on investment and development of logistics, retail, industrial and commercial real estate projects in Japan, Singapore and the rest of Asia. The extension...
Mapletree Investments is looking to list a real estate investment trust in Singapore, with as much as S$4 billion in assets. Its CEO Hiew Yoon Khong told Reuters in an interview that Mapletree will launch the initial public offering (IPO) when market conditions are more favourable, such as when yield rates fall to 5 per cent from the current 8 per cent. The proposed Mapletree Commercial Trust will cover...
Mapletree Investments on Friday said that it has started the construction of a 10-hectare logistics park in Malaysia. The Shah Alam Logistics Park is expected to be completed early next year and be mostly pre-leased to logistics operators. It will have 60,000 square metres of gross floor area in three single-storey warehouses with mezzanine offices. When completed, the project is estimated to have a...
Mapletree Investments has formed a joint venture with Arcapita Bank of Bahrain to hold a portfolio of industrial properties bought from JTC Corp. The assets are worth a combined 1.7 billion Singapore dollars. Arcapita will hold a 56.5 per cent stake in the joint venture called Mapletree Industrial Trust (MIT). Mapletree will own 25.1 per cent, while the rest will be held by Mapletree Industrial Fund, a...
Volatile capital markets cited as main reason JTC Corp has scrapped plans to divest a large chunk of its industrial property portfolio through a listed real estate investment trust (Reit). Instead, it will sell the 62 properties for $1.71 billion to Temasek-linked Mapletree Investments, which it had earlier appointed to manage the planned trust. This is because of recent weak stock market...
Expected to list on SGX by middle of the year. More than a year since its decision to divest its industrial properties, JTC corporation - Singapore’s biggest industrial landlord - has appointed Mapletree Investments to establish and manage a real estate investment trust (Reit). The Reit is expected to list on the Singapore Exchange by the middle of the year, subject to market conditions, said...