Latest news with #Mapletree
Business Times
a day ago
- Business
- Business Times
Temasek's Mapletree Investments eyes expansion in data centres, logistics and student housing
[SINGAPORE] Temasek's Mapletree Investments said it will look at opportunities to expand and diversify its footprint in data centres, logistics and student housing, three of its four core sectors. For data centres, it sees a surge in demand powering continued expansion in the sector. In particular, it will seek such opportunities in Europe, where a record amount of data centre capacity of 937 megawatts (MW) is expected to be added this year. That's up 43 per cent from 2024, the property giant said in its annual report for the financial year ended Mar 31. 'Investor appetite in this asset class will remain strong, driven by significant demand for computing power and data storage, lack of supply, desirable financial returns and growing interest around artificial intelligence (AI),' said group chief executive Hiew Yoon Khong. The company's focus in Europe is on established core markets as well as rapidly emerging markets such as Milan and Madrid which present strong potential for returns, he added. Within Asia-Pacific, Mapletree will focus on mature and high-potential emerging markets such as Japan and Korea. Most of Mapletree's data centre assets are held by Singapore-listed real estate investment trust (Reit), Mapletree Industrial Trust . BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Mapletree also manages two Singapore-listed Reits and nine private equity real estate funds. Logistics and accommodation The property giant is 'generally positive' on the outlook of the logistics sector as well, 'with continued growth in demand for warehousing space expected in most markets', said Hiew. The sector is Mapletree's largest asset class, accounting for 42 per cent, or around S$33.7 billion of the group's total assets under management (AUM) of S$80.3 billion as at Mar 31. In the US, Mapletree expects groundbreaking for its logistics development on a 91,135 square metre site in New Jersey in the second half of this year. It will keep buying more land parcels to develop. Turning to student housing, another of Mapletree's core sectors, the company said it is looking to expand its footprint in new markets such as Spain. It has also recently started looking at opportunities in Australia, where it said there is growing demand and structural undersupply in the asset. Mapletree is in the process of preparing for the launch of a student-housing-focused fund in the current financial year ending on Mar 31, 2026. This will comprise its UK student housing assets with a total AUM of at least £500 million (S$865 million). As for office, also a core sector for Mapletree, Hiew said the company is 'cautious' in the short to medium term, given that certain markets are still impacted by the practice of remote work. Even so, Mapletree has continued to invest in the office markets in India and Vietnam.
Yahoo
3 days ago
- Business
- Yahoo
Boost Your Portfolio with These 3 High-Quality Singapore REITs
The REIT sector had to endure more than two years of challenges as surging interest rates and soaring inflation ate into REITs' results. Many REITs had to grapple with higher operating and finance costs, which crimped their distributable income and, by extension, their distribution per unit (DPU). Income investors need to filter out strong and reliable REITs that can weather these challenges and emerge relatively unscathed. These REITs should possess strong sponsors, a robust portfolio of properties, with a manager that focuses on acquisitions and capital recycling to deliver sustainable returns. Here are three high-quality Singapore REITs that can help fortify your portfolio during tough times. Mapletree Industrial Trust, or MIT, is an industrial REIT with a portfolio of 141 properties spread across Singapore (83), the US (56), and Japan (2). The REIT had assets under management (AUM) of S$9.1 billion as of 31 March 2025. MIT is supported by a strong sponsor in Mapletree Investments Pte Ltd, an investment firm that manages a diverse portfolio of real estate assets worth S$80.3 billion as of 31 March 2025. The REIT is one of several that managed to increase its DPU. For its fiscal 2025 (FY2025) ending 31 March 2025, MIT saw gross revenue rise 2.1% year on year to S$711.8 million. Net property income (NPI) inched up 2% year on year to S$531.5 million while DPU crept up 1% year on year to S$0.1357. The REIT manager announced proactive asset management moves to manage the impact of vacancies in its North American data centres. These include reletting by extending leases or backfilling vacant spaces, repositioning assets through redevelopments, and rebalancing the portfolio through the divestment of non-core properties. Portfolio occupancy remained high at 91.6% for FY2025, and the industrial REIT registered a positive rental reversion of 8.1% for renewal leases in its Singapore portfolio. The manager was also active in acquisitions, as it announced the purchase of an Osaka data centre back in May 2023. The fitting out of this data centre was done in four phases and was completed back in May this year. That same month, MIT also announced the divestment of three properties in Singapore for S$535.3 million at a small premium to the properties' valuation. Although the sale will slightly lower DPU, it will reduce MIT's aggregate leverage to 37% (from 40.1%) and improve portfolio occupancy to 92%. CapitaLand Ascendas REIT, or CLAR, is Singapore's oldest industrial REIT and owns a portfolio of 226 properties with an AUM of S$16.9 billion as of 31 March 2025. The REIT is anchored by a strong sponsor in blue-chip CapitaLand Investment Limited (SGX: 9CI), which manages S$117 billion of funds under management. Like MIT, CLAR is also one of several REITs to report a slight year-on-year DPU increase. DPU for 2024 inched up 0.3% year on year to S$0.15205 on the back of a 2.9% year-on-year improvement in gross revenue to S$1.52 billion. The REIT's first quarter of 2025 (1Q 2025) business update also displayed strong operating metrics. Portfolio occupancy stood high at 91.5% and the portfolio enjoyed a positive rental reversion of 11%. Back in May, the manager announced a yield-accretive acquisition of two fully occupied industrial properties in Singapore. This purchase is poised to add 1.36% to CLAR's 2024 DPU and also opens up the properties to organic growth potential that can increase their rental income in the future. Meanwhile, CLAR is also undertaking ongoing projects worth S$498.4 million to improve the returns on its existing portfolio. These projects, which include redevelopments and refurbishments, should be completed from 3Q 2025 to 1Q 2028. Parkway Life REIT is a healthcare REIT with a portfolio of three hospitals in Singapore, 60 nursing homes in Japan, and 11 nursing homes in France. The REIT used to own a strata-titled medical centre in Malaysia, but this asset was divested after 1Q 2025. Parkway Life REIT has a strong sponsor in IHH Healthcare Berhad (SGX: Q0F), an integrated healthcare player that owns hospitals and clinics in Singapore, Malaysia, and Turkey. The healthcare REIT has a stellar DPU track record, having reported uninterrupted core DPU increases since its IPO in 2007. Its 1Q 2025 business update was equally impressive. Gross revenue and NPI increased by 7.3% and 7.5% year on year, respectively, to S$39 million and S$36.8 million. DPU continued its rise, increasing 1.3% year on year to S$0.0384. Parkway Life REIT announced a major acquisition of 11 nursing homes in France last year for €112 million. This purchase adds a third key market for the healthcare REIT that can provide DPU growth and diversification. The REIT's gearing remained reasonable at 36.1% with a low all-in cost of debt of just 1.5%. With a healthy interest cover ratio of 9.3 times, Parkway Life REIT can tap into more debt financing for more yield-accretive acquisitions in the future. Boost your portfolio's returns with 5 SGX stocks that promise both stability and steady growth. We bring you the names of these rock-solid stocks, including why they could drive massive dividends over the next few years. If you're looking to invest for retirement, this guide is a must-read. Click HERE to download now. Follow us on Facebook, Instagram and Telegram for the latest investing news and analyses! Disclosure: Royston Yang owns shares of Mapletree Industrial Trust. The post Boost Your Portfolio with These 3 High-Quality Singapore REITs appeared first on The Smart Investor. 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Straits Times
25-06-2025
- Business
- Straits Times
More performing arts groups move to Tanjong Pagar Distripark, expanding arts cluster
A still from a film Sigma Contemporary Dance is shooting about its new space at Tanjong Pagar Distripark. PHOTO: SIGMA CONTEMPORARY DANCE SINGAPORE – Warehouse space Tanjong Pagar Distripark (TPD), where the Singapore Art Museum (SAM) is located, is becoming a hub not just for art, but also theatre and dance presentations. Shedding its previous identity as a logistics hub servicing Keppel Terminal, the two industrial buildings overlooking the Singapore Strait have in three years more than doubled the space's number of arts tenants, from seven in 2022 to 16 now . The latest openings are in Block 37, next to Block 39, where SAM anchors a cluster of independent galleries and auction houses. Landlord Mapletree has been sprucing up Level 4 of this more outdated sister block. Dance collective Sigma Contemporary Dance, relocating from nearby Raeburn Park, will open its new home in Block 37 in October. It will be the second performing arts company to open at TPD in recent months, with Tamil theatre company Agam Theatre Lab in April raising $450,000 for the community's first 110-seat black box theatre. Sigma Contemporary Dance artistic director Guofeng Hong was appraising his new 1,680 sq ft unit on June 17 – still to be fitted with sprung floor, mirrors and light trusses – and told The Straits Times: 'Space is so precious in Singapore.' Pointing out the 6m-high ceiling, he added: 'There are not a lot of spaces with such heigh t, with so much room without pillars for our floor work.' Hong envisions the unit as a combined rehearsal studio, black box performance space, dance school and lab for interdisciplinary experimentation. The 14-year-old group has more than 200 active students, who are bound to revivify the block. Dance collective Sigma Contemporary Dance, relocating from nearby Raeburn Park, will open its new home in Block 37 in October. PHOTO: SIGMA CONTEMPORARY DANCE The company also regularly holds jam sessions with other movement enthusiasts, painters and musicians – a process of 'cross-pollination' that it incorporates into its work. The first question Hong put to Mapletree was of the uncertain longer-term fate of TPD , which, with Keppel Terminal shifting to Tuas, now sits on prime land. Areas around it have already been zoned for housing for the Greater Southern Waterfront development. 'Mapletree has shown itself committed to the arts. Leasing to us is not the best use of space if it cared only about profits, so we felt supported that it is also on this journey together with us ,' Hong says. 'We, of course, hope there will be an extension. This could be an artist village, and we want to help build that community.' Though TPD could be rezoned for other uses by the Singapore Land Authority (SLA) in two to three years' time, Mapletree says of the property's newfound purpose in an e-mail: 'TPD has been transformed into an arts destination for the community. Mapletree will continue to explore ways to enhance its spaces and offerings, and elevate its position as a vibrant hub for arts and culture.' Fine arts conservation studio BARC Labs was the first arts tenant in Block 37. Founder Diana Tay took up the 1,300 sq ft office-style unit in August 2024 at the recommendation of TPD stalwart Gajah Gallery. She says the rise in arts tenants has already meant better amenities in the block. 'We work till dark, so it can be quite scary when it's just us. Mapletree has already improved the toilets and put in wayfinders like maps, which are very helpful for visitors.' BARC Labs members (from left) Siew Jia Qi, Keziah Lim and Diana Tay at their Tanjong Pagar Distripark space. PHOTO: BARC LABS Many of her clients are within walking distance in Block 39, but close friend Christiaan Haridas, founder of art gallery Haridas Contemporary, will soon be closer. The gallery, representing artists like Melissa Tan, has announced an imminent move from Lavender Street to Block 37 on its socials. Its opening date is set for Aug 2. TPD's rebirth as an interdisciplinary arts hub is closely watched, with official arts housing spaces either occupied by long-term tenants or, like several blocks in Waterloo Street, being redeveloped by the National Arts Council. Similar congregations can be found at 195 Pearl's Hill Terrace – recently granted a longer stay by the SLA till March 2028 – and Gillman Barracks, being studied as a site for future housing. There is more good news for visitors to TPD : SAM has opened new cafe SIP At SAM on its premises. The lone food and beverage option at TPD sells coffee, sandwiches and pastries, taking over what used to be Epigram Bookstore. Join ST's Telegram channel and get the latest breaking news delivered to you.
Malay Mail
16-06-2025
- Entertainment
- Malay Mail
Mapletree and Singaporean photographer Melisa Teo present Two Rivers exhibition (Part II) at VivoCity
(From left) His Excellency Mr Stephen Marchisio, Ambassador of France to Singapore; photographer Melisa Teo; Guest-of-Honour Mr Dinesh Vasu Dash, Minister of State for Culture, Community and Youth, and Manpower; and Mr Edmund Cheng, Chairman, Mapletree at the ribbon-cutting ceremony for Two Rivers (Part II) photography exhibition at VivoCity's waterfront Promenade. SINGAPORE - Media OutReach Newswire - 16 June 2025 - Mapletree Investments ("Mapletree" or "the Group") is pleased to host the second instalment of Two Rivers, a photography exhibition by Paris-based Singaporean photographer Melisa Teo, at Singapore's largest shopping mall Rivers (Part II) is supported by Mapletree and celebrates the 60th anniversary of diplomatic relations between Singapore and France. It is held at VivoCity's waterfront Promenade and South-West Boulevard (Level 1, near Wine Connection) from 4 June to 4 July official launch of Two Rivers (Part II) was officiated by Guest-of-Honour Mr Dinesh Vasu Dash, Minister of State for Culture, Community and Youth, and Manpower; Mr Edmund Cheng, Chairman, Mapletree; His Excellency Mr Stephen Marchisio, Ambassador of France to Singapore; and photographer Melisa Rivers is a captivating exploration of life, memory and dreams, featuring images from the Singapore River and the Seine River in Paris, France. The exhibition at VivoCity will showcase eight new photographs in addition to the original 60 photos presented at Anderson Bridge from 23 April to 31 May Edmund Cheng, Chairman of Mapletree said: "We are delighted to bring Two Rivers to VivoCity, one of the Group's flagship properties. This engaging exhibition features an impressive collection of photographs from two rivers in Singapore and France by Singaporean photographer Melisa Teo, providing a memorable experience for a wider audience to enjoy. From funding diverse initiatives to sponsoring photography exhibitions such as Two Rivers, we are committed to bringing the arts closer to the community. Mapletree looks forward to deepening its support in the arts scene, strengthening community bonds and celebrating the limitless creativity of our artists."Photographer Melisa Teo added: "Diplomatically, Mapletree's support for this initiative has contributed to strengthening the ties between France and Singapore through art and culture, and achieving a significant milestone in the cultural landscape of Singapore. Professionally, this opportunity has allowed me to pursue my work with greater purpose, enriching my artistic life in meaningful ways. Personally, it has helped me learn to appreciate the diverse perspectives and rich cultural heritage that both France and Singapore offer, deepening my own understanding of the transformative power of art in connecting communities."Exhibition highlights included an Artist Talk by Melisa Teo, which took place at library@harbourfront (VivoCity, Level 3) from 4pm to 5pm on 4 June 2025. The complimentary talk engaged a wide range of attendees, including photography enthusiasts and individuals interested in how art influences perspectives. Melisa Teo shared her journey as an artist, inspiring others to embrace their passions and pursue their creatives are also invited to participate in the My Two Rivers: Young Artist Competition at South-West Boulevard. Centred on the theme My Two Rivers, which explores the vital role rivers play in shaping human civilisations, the competition invites participants from two age categories: Junior (seven to 12 years old), who will complete a colouring template based on selected photographs from Two Rivers, and Youth (13 to 16 years old), who will submit original artworks inspired by the theme. Submissions will be accepted at the exhibition from 4 to 24 June 2025. Participants stand a chance to win up to S$200 in VivoCity eVouchers and have their artworks showcased in Paris, support for Two Rivers underscores its belief in the power of arts to inspire and connect people. Since 2010, Mapletree has proudly disbursed more than S$7 million to exclusively fund a diverse range of arts-focused Corporate Social Responsibility Rivers is a joint initiative supported by the Singapore and French governments. The exhibition is presented by the French Embassy as part of the vOilah! France Singapore Festival, and supported by Singapore's Ministry of Culture, Community and Youth, National Arts Council, National Parks Board and Land Transport period: 4 June to 4 July 2025 Venue: VivoCity (Promenade and South-West Boulevard), 1 HarbourFront Walk, Singapore 098585My Two Rivers: Young Artist Competition: 4 to 24 June 2025Hashtag: #TwoRiversbyMelisaTeo #TwoRiversExhibition #MelisaTeo The issuer is solely responsible for the content of this announcement. Melisa Teo Melisa Teo is a Singaporean photographer who regards her camera as a "third eye" which is guided by intuition to perceive a reality that eludes the naked eye. For her, the camera is a transmitter and translator of light's messages and photography, a doorway bordering visible and invisible worlds. Since 2008, she has explored spiritual realms in search of the sacred, and this has been documented in books like Light From Within and The Light Beyond, as well as exhibitions such as Dark Light and Eden. In recent years, her fascination with the relationship between man and nature is highlighted in The Trees of Paris (2020). Her latest book Two Rivers (2025), features images of the Singapore and Seine Rivers and explores her connection to both her birthplace and her adoptive city. Melisa majored in English Language and Literature at the National University of Singapore and French Language and Literature at Sorbonne University in Paris. Website: | Instagram: @melisa_teo MAPLETREE Headquartered in Singapore, Mapletree is a global real estate development, investment, capital and property management company committed to sustainability. Its strategic focus is to invest in markets and real estate sectors with good growth potential. By combining its key strengths, the Group has established a track record of award-winning projects, and delivers consistently attractive returns across real estate asset classes. The Group manages three Singapore-listed real estate investment trusts ("REITs") and nine private equity real estate funds, which hold a diverse portfolio of assets in Asia Pacific, Europe, the United Kingdom ("UK") and the United States ("US"). As at 31 March 2025, Mapletree owns and manages S$80.3 billion of logistics, office, data centre, student housing and other properties. The Group's assets are located across 13 markets globally, namely Singapore, Australia, Canada, China, Europe, Hong Kong SAR, India, Japan, Malaysia, South Korea, the UK, the US and Vietnam. To support its global operations, Mapletree has established an extensive network of offices in these markets. For more information, please visit
Business Times
03-06-2025
- Business
- Business Times
Temasek's Mapletree Investments returns to profit, hits record AUM of S$80.3 billion in FY2025
[SINGAPORE] Temasek's Mapletree Investments reversed a loss from the previous year to turn a profit of S$227.2 million for the full-year ended Mar 31, on the back of narrowed overall revaluation losses. This was while its assets under management (AUM) hit a record S$80.3 billion, 3.6 per cent higher than S$77.5 billion reported in the same period the year before, the company said in a statement on Tuesday (Jun 3). Revenue for the period was S$2.2 billion, lower than the year before due to the deconsolidation of Mapletree Logistics Trust (MLT), one of three Singapore-listed real estate investment trusts managed by the group. Excluding the impact of the deconsolidation, the group's revenue was 1.2 per cent higher than in the previous financial year. Recurring profit after tax and minority interests was S$637.4 million for the full year. Separately, the company recorded total net proceeds of S$897 million from divestment of non-core assets, other divestments to MLT and the syndication of Mapletree Japan Investment Country Private Trust. A NEWSLETTER FOR YOU Tuesday, 12 pm Property Insights Get an exclusive analysis of real estate and property news in Singapore and beyond. Sign Up Sign Up The group's projects under development increased to S$5.5 billion, from S$3.7 billion previously. Hiew Yoon Khong, group chief executive officer, said the company had deepened its focus on its core sectors for this FY. These include logistics, student housing, office and data centres. This was done through prioritising operational performance, investing selectively in specific markets with growth potential, and embarking on more development projects for higher returns, he added. 'These strategic priorities underpinned Mapletree's resilient FY24/25 performance, and will continue to guide the group in fostering sustainable growth.' Logistics and accommodation Mapletree Investments manages three Singapore-listed real estate investment trusts and nine private equity real estate funds. In logistics, the group continued to acquire quality logistics assets and embarked on new logistics development initiatives across the Asia-Pacific. In Europe, it entered the United Kingdom logistics market by acquiring Derby DC1 and Verda Park. It also deepened its presence in Spain by acquiring a portfolio of 10 logistics assets. As at Mar 31, 2025, the group's logistics portfolio in Europe and the UK stood at S$2.2 billion. The group is also currently marketing a new logistics development fund, focusing on Malaysia, India and Vietnam, where 'institutional-grade logistics products are undersupplied', it said. The Mapletree Emerging Growth Asia Logistics Development Fund (Mega), will comprise development assets with a total AUM of US$1.8 billion, and is targeted to close this year. In student housing, the group completed a £1 billion (S$1.7 billion) acquisition of a portfolio of 31 UK and Germany student housing assets. This move sent Mapletree to fourth position among the largest student-housing owners in the UK as at Mar 31, from seventh place. Offices and data centres As for the office sector, Mapletree continued to pour investments into the India and Vietnam markets to ride the demand for quality offices. In India, the group acquired a land parcel in Bengaluru for a greenfield office-development project called Global Business City in FY24/25. When completed, it will house office spaces with a net lettable area of 743,224 square metres (sq m) on a plot 153,780 sq m in size. Over in Vietnam, Mapletree acquired a land parcel in Hanoi to develop a 92,000 sq m, Grade-A mixed-use office project with retail amenities. In the data centre sector, Mapletree Industrial Trust acquired a freehold, mixed-use facility in Japan, with a redevelopment opportunity to turn it into a data centre. Meanwhile, the group's first data centre development, in Fanling, Hong Kong, is set to complete in the second half of this year. 'Mapletree will continue to explore new opportunities to expand its data centre footprint in established core markets in Europe, where investor appetite remains strong,' it said. It will also explore emerging markets such as London, Milan and Madrid, which present 'strong potential for returns'. In the Asia-Pacific, the group will focus on mature and high-potential markets such as Japan and Korea. Said Hiew: 'We will continue to prioritise enhancing operational performance for our existing assets, maintaining a selective investment approach in markets with growth potential, creating greater value through development projects ... all the while deepening collaborations with like-minded capital partners on new funds and syndication.'
