/PRNewswire/ Private capital platform iSTOX is rebranding itself as ADDX as it enters a phase of fast-paced growth. The digital securities exchange will.
Investors On iSTOX Acquire Stake In Mapletree MERIT Fund As Digital Securities For The First Time - The Mapletree Fund MERIT Is Invested In European Grade A Office Properties, And A Part Of The Fund Has Been Made Available In Tokenised Form And In Smaller Units Date
07/04/2021
Private market platform iSTOX has announced a digital securities[1] issuance that gives individual accredited investors partial access to Mapletree Investment’s (“Mapletree”) latest office fund, Mapletree Europe Income Trust (“MERIT” or “the Trust”).
The Trust targets a 12% internal rate of return, and will be managed by Mapletree Real Estate Advisors Pte. Ltd., a wholly-owned subsidiary of Mapletree. MERIT will be Mapletree’s 11th private equity fund and the 4th in a series of fully seeded funds which are invested in real estate sectors such as Australia commercial, Europe and US logistics, as well as student accommodation in the US and UK. With EUR 507 million (approximately S