Mapletree North Asia Commercial Trust FY21 DPU down 13 3% to 6 175 Singapore cts straitstimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from straitstimes.com Daily Mail and Mail on Sunday newspapers.
The company is in preliminary discussions with prospective advisors for a REIT listing in Singapore. Bloomberg | Apr 22, 2021
(Bloomberg) Mapletree Investments Pte, a property developer and manager, is exploring listing a student housing real estate investment trust in Singapore that could raise about $1 billion, according to people familiar with the matter.
The company, which is owned by Singapore’s state investment fund Temasek Holdings Pte, is in preliminary discussions with prospective advisers on the offering plan, said the people. An initial public offering could take place as soon as next year, one of the people said, who asked not to be identified as the information is private.
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Mapletree Industrial Trust last year sold a Singapore data centre to Equinix
Singapore-based Mapletree Investments on Friday announced that a Hong Kong industrial site which it acquired last month is set to become the latest addition to its growing portfolio of data centres.
“We are excited about winning this development land parcel,” said Wong Mun Hoong, Mapletree’s regional chief executive for Australia and North Asia. “Long-term macro drivers such as growing cloud computing, e-commerce as well as the impending 5G network, are expected to drive demand for data centres.”
Mapletree’s first data centre development in Hong Kong promises up to 50 megavolt-amperes of server-driving capacity. The company, which has previously sold data centre projects in Asia to US giant Equinix, as well as to China’s GDS, said that the project in the New Territories’ Fanling area could be leased to an end-user or a data centre operator upon the project’s schedul