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| Mapletree Industrial Fund |
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| Mapletree has set up a pan-Asian industrial fund with seed capital of US$125 million. Known as the Mapletree Industrial Fund, this initiative enables the synergies between the fund and MapletreeLog to be harnessed through the dynamic referral of businesses between each other. The industrial fund's first acquisition was a facility owned by SESDAQ-listed precision engineering and plastic injection moulding company, Avaplas Ltd, at 19 Changi South Street 1 for $10 million. The Mapletree Industrial Fund will mainly invest in regional industrial properties, primarily those with manufacturing and research and development facilities in Asia. The fund is currently looking at various deals in Asia, and aims to build up a substantial asset portfolio over the next few years. For more information, please click here. |
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| Mapletree Industrial Trust |
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Singapore-Focused Trust
The Mapletree Industrial Trust ("MIT") is a private trust sponsored by Mapletree and set up to hold the portfolio of high-rise, ready-built industrial properties acquired from JTC Corporation. The principal investors in MIT are Arcapita Bank B.S.C., an international investment bank headquartered in Bahrain with 56.5% stake and Mapletree with 30.5% stake, held both directly and indirectly through MIF.
Growth Strategy
The key focus of the trust is to improve the quality of the portfolio through active asset management to enhance the value of the assets. |
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| Mapletree India China (MIC) Fund |
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The Mapletree India China (MIC) Fund is a dual-country total return fund which aims to harness the secular growth in populous India and China. The production and consumption potential in both countries is enormous, fuelled by their expanding middle-class and their continued efforts in economic liberalisation and globalisation.
MIC Fund focuses substantially on development and opportunistic redevelopment. Its strategy for residential development is to work with strategic local partners to give the fund access to deals with healthy margins and to optimise returns through quick asset turn. Our on-the-ground development and asset management skills will be brought to bear in redevelopment projects, to redesign property, asset and/or tenant mix to enhance asset yield and valuation. Investment properties aggregated through development and acquisition will be divested piecemeal or as a portfolio to maximize returns.
MIC Fund raised a total of US$1.157 billion in committed capital in its second and final close in August 2008.
The above information is purely for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities. |
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| CIMB-Mapletree Real Estate Fund 1 |
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CIMB-Mapletree Real Estate Fund 1 (CMREF 1) is a Malaysian focused real estate fund with mandate to make direct investments in properties across all sectors, invest in distressed assets, real estate investment products and listed real estate securities. This closed end fund has a commitment period of four years and distribution period of four years. CMREF 1 completed its first closing in December 2005 with contributions from several large institutional investors. The present committed capital is RM 402 million with total potential fund size of RM 1.6 billion at the targeted gearing ratio of 3 : 1. CMREF 1 is managed by CIMB-Mapletree Management (CMM), a joint venture formed by Mapletree and CIMB, the second largest financial services provider in Malaysia and number one investment bank.
Presently, the total value of CMREF 1's committed investments is about RM 700 million. It has acquired operating office buildings and a shopping mall in Kuala Lumpur. It has formed a joint venture with a listed Malaysia developer and a Middle Eastern bank to develop bungalow lots in Penang. CMREF 1 has underwritten a landed residential development in Kuala Lumpur and also invested in real estate investment trusts in Malaysia and the region. |
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