{"id":3883,"date":"2008-02-01T10:05:00","date_gmt":"2008-02-01T10:05:00","guid":{"rendered":"urn:uuid:a032be34-7a7f-4b22-963c-4f1bf6202bc4"},"modified":"2025-03-06T07:31:27","modified_gmt":"2025-03-06T07:31:27","slug":"jtc-appoints-mapletree-as-reit-manager","status":"publish","type":"newsroom","link":"https:\/\/www.mapletree.com.sg\/cn\/newsroom\/jtc-appoints-mapletree-as-reit-manager\/","title":{"rendered":"JTC Appoints Mapletree As REIT Manager"},"content":{"rendered":"\n<div class=\"wp-block-group has-global-padding is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group has-global-padding is-layout-constrained wp-block-group-is-layout-constrained\">\n<p><strong>Singapore<\/strong>&nbsp;\u2013&nbsp;JTC Corporation (JTC) today announced that it has appointed Mapletree Investments Pte Ltd (Mapletree) to establish and manage a proposed real estate investment trust (REIT) which will acquire some of JTC\u2019s high-rise ready-built properties. This marks another milestone in JTC\u2019s divestment exercise following JTC\u2019s announcement of the Request for Proposal to explore the appointment of a REIT manager last year.<\/p>\n\n\n\n<p>Said Mrs Ow Foong Pheng, Chief Executive Officer of JTC, \u201cWe received quality submissions from a wide range of international and local players. All proposals were evaluated based on individual merit against an objective set of criteria and Mapletree was chosen after a rigorous selection process.\u201d<\/p>\n\n\n\n<p>Mr Hiew Yoon Khong, Chief Executive Officer of Mapletree said, \u201cWe are delighted to be appointed by JTC as the manager for its proposed REIT. This appointment reflects the recognition, both locally and internationally, of our capabilities in managing industrial properties and in structuring and managing REITs.\u201d<\/p>\n\n\n\n<p>The portfolio will comprise a wide range of high-rise ready-built properties including flatted factories, ramp-up and stack-up factories, and multi-tenanted business park buildings.<\/p>\n\n\n\n<p>Said Mr Hiew, \u201cWe find the asset portfolio very attractive. It is well diversified in terms of tenancy, location and asset type. The properties are strategically located close to or have good access to the city centre, housing estates, key industrial belts and transport nodes. They enjoy high occupancy rates, a good quality tenant base and long-staying tenants. We are confident that we will be able to add further value to this portfolio of assets.\u201d<\/p>\n\n\n\n<p>JTC will work closely with Mapletree to effect a smooth transition upon the transfer of the selected properties. The timing for the proposed REIT is targeted around mid 2008, subject to market conditions.<\/p>\n<\/div>\n<\/div>\n","protected":false},"featured_media":189,"template":"","meta":{"_acf_changed":false,"_trash_the_other_posts":false,"ep_exclude_from_search":false,"editor_notices":[]},"tags":[663,114],"newsroom-category":[112],"csr-category":[],"class_list":["post-3883","newsroom","type-newsroom","status-publish","has-post-thumbnail","hentry","tag-663","tag-news"],"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>JTC Appoints Mapletree As REIT Manager - MIPL Chinese<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mapletree-stag.altis.cloud\/cn\/newsroom\/jtc-appoints-mapletree-as-reit-manager\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JTC Appoints Mapletree As REIT Manager - MIPL Chinese\" \/>\n<meta property=\"og:description\" content=\"Singapore&nbsp;\u2013&nbsp;JTC Corporation (JTC) today announced that it has appointed Mapletree Investments Pte Ltd (Mapletree) to establish and manage a proposed real estate investment trust (REIT) which will acquire some of JTC\u2019s high-rise ready-built properties. This marks another milestone in JTC\u2019s divestment exercise following JTC\u2019s announcement of the Request for Proposal to explore the appointment of [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mapletree-stag.altis.cloud\/cn\/newsroom\/jtc-appoints-mapletree-as-reit-manager\/\" \/>\n<meta property=\"og:site_name\" content=\"MIPL Chinese\" \/>\n<meta property=\"article:modified_time\" content=\"2025-03-06T07:31:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mapletree-stag.altis.cloud\/tachyon\/sites\/10\/2024\/12\/media_all.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"979\" \/>\n\t<meta property=\"og:image:height\" content=\"183\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/mapletree-stag.altis.cloud\/cn\/newsroom\/jtc-appoints-mapletree-as-reit-manager\/\",\"url\":\"https:\/\/mapletree-stag.altis.cloud\/cn\/newsroom\/jtc-appoints-mapletree-as-reit-manager\/\",\"name\":\"JTC Appoints Mapletree As REIT Manager - MIPL Chinese\",\"isPartOf\":{\"@id\":\"https:\/\/mapletree-stag.altis.cloud\/cn\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/mapletree-stag.altis.cloud\/cn\/newsroom\/jtc-appoints-mapletree-as-reit-manager\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/mapletree-stag.altis.cloud\/cn\/newsroom\/jtc-appoints-mapletree-as-reit-manager\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.mapletree.com.sg\/tachyon\/sites\/10\/2024\/12\/media_all.jpg\",\"datePublished\":\"2008-02-01T10:05:00+00:00\",\"dateModified\":\"2025-03-06T07:31:27+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/mapletree-stag.altis.cloud\/cn\/newsroom\/jtc-appoints-mapletree-as-reit-manager\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/mapletree-stag.altis.cloud\/cn\/newsroom\/jtc-appoints-mapletree-as-reit-manager\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/mapletree-stag.altis.cloud\/cn\/newsroom\/jtc-appoints-mapletree-as-reit-manager\/#primaryimage\",\"url\":\"https:\/\/www.mapletree.com.sg\/tachyon\/sites\/10\/2024\/12\/media_all.jpg\",\"contentUrl\":\"https:\/\/www.mapletree.com.sg\/tachyon\/sites\/10\/2024\/12\/media_all.jpg\",\"width\":979,\"height\":183,\"caption\":\"Handle, Sink, Sink Faucet\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/mapletree-stag.altis.cloud\/cn\/newsroom\/jtc-appoints-mapletree-as-reit-manager\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.mapletree.com.sg\/cn\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Newsroom\",\"item\":\"https:\/\/mapletree-stag.altis.cloud\/cn\/newsroom\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"JTC Appoints Mapletree As REIT Manager\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/mapletree-stag.altis.cloud\/cn\/#website\",\"url\":\"https:\/\/mapletree-stag.altis.cloud\/cn\/\",\"name\":\"MIPL Chinese\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/mapletree-stag.altis.cloud\/cn\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"JTC Appoints Mapletree As REIT Manager - MIPL Chinese","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/mapletree-stag.altis.cloud\/cn\/newsroom\/jtc-appoints-mapletree-as-reit-manager\/","og_locale":"en_US","og_type":"article","og_title":"JTC Appoints Mapletree As REIT Manager - MIPL Chinese","og_description":"Singapore&nbsp;\u2013&nbsp;JTC Corporation (JTC) today announced that it has appointed Mapletree Investments Pte Ltd (Mapletree) to establish and manage a proposed real estate investment trust (REIT) which will acquire some of JTC\u2019s high-rise ready-built properties. 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