Mapletree

We are thrilled to announce that Mapletree’s Green Park (Reading) won Property Deal of the Year at the Thames Valley Property Awards 2024 for our letting to Wood! This accolade is a testament to our team’s expertise and adaptability in the evolving property landscape. Our strong partnership with Wood facilitated one of the UK’s largest office lettings in 2023, and we are grateful for this recognition in creating vibrant, sustainable spaces for the community. Here’s to many more achievements ahead!   #Mapletree #TVPA24 #Mapletreeawards #RealEstate

In October 2024, our London office at White City Place transformed into a sanctuary of relaxation and mindfulness in honour of World Mental Health Day.   Focused on promoting mental health awareness and self-care practices, many activities were lined up at the Mapletree London office. These included a comprehensive well-being guide, an insightful webinar on productivity and balance, soothing 15-minute massages, and a plant potting workshop where our colleagues added a touch of greenery and mindfulness to their workspaces. This well-being week in October not only raised the importance of mindfulness in the workplace but also equipped them with valuable resources for mental wellness.    #Mapletree #Mentalhealth #LifeAtMapletree #EmployeeEngagement

Happy Deepavali from all of us at Mapletree! ✨

#MapletreeIndustrialTrust (“MIT”) reported a year-on-year increase of DPU by 1.5% to 3.37 Singapore Cent for 2QFY24/25. MIT also delivered a robust operational performance with higher average Overall Portfolio occupancy rate of 92.9% and positive weighted average rental revision rate of 10.7% for renewal leases in the Singapore Portfolio. Gross revenue and net property income for 2QFY24/25 rose by 4.2% and 4.6% year-on-year to S$181.4 million and S$134.5 million respectively. The increase was driven by revenue contributions from the Osaka Data Centre acquired on 28 September 2023 and new leases and renewals across various property clusters. The higher net property income was partially offset by higher borrowing costs in relation to the Osaka Data Centre. On 29 October 2024, MIT completed the acquisition of a freehold mixed-use facility in Tokyo, Japan at a purchase consideration of JPY14.5 billion. The addition of this freehold property will enhance MIT’s geographical and income diversification and present a future redevelopment opportunity into a new data centre. 2QFY24/25 Press Release: https://lnkd.in/gV_xeGtQ 2QFY24/25 Presentation Slides: https://lnkd.in/gRBvJGp6

In celebration of Vietnamese Women’s Day, over 200 colleagues from Vietnam gathered for a candle-crafting session. This two-hour session took place across our offices in Ho Chi Minh City, Binh Duong, and Hanoi. The event provided our colleagues the opportunity to bond while crafting personalised candles, each infused with their favourite scents and decorations. Male staff members also joined in, creating handmade candles for their loved ones on this special occasion.   #Mapletree #LifeatMapletree #EmployeeEngagement

Our Hong Kong colleagues recently volunteered at the St. James’ Settlement (SJS), an organisation supporting individuals with disabilities by providing rehabilitation services. Our colleagues joined in a heartwarming cookie-baking workshop with the rehabilitants, as well as donated rehabilitation assistive devices to SJS’s service center. “Visiting SJS allowed us to see how the rehabilitants work on tasks like baking and packing, and understand how the organisation designs specialised tools to enhance their convenience”, a participant shared.   It was a day filled with meaningful interactions, highlighting the impact of SJS’s work in providing an inclusive environment for people with disabilities and the joy of giving back to the community.   #Mapletree #LifeAtMapletree #EmployeeEngagement #CSR

Our HR team recently hosted 62 students from the ESSEC Business School Master of Finance programme at Mapletree Business City in Singapore.   Visiting from different parts of Europe, our Senior Vice President of Group HR in Singapore, Matthias Goh, provided a comprehensive overview of Mapletree, its business model, asset classes, and global presence. Teah Huan Ying, Director of the Europe Investment and Asset Management team also shared about Mapletree’s Europe strategy and ESG initiatives.   The session ended off with a lively Q&A session, where students had the chance to engage with our speakers and gain deeper insights into the real estate industry. A huge thank you to our speakers and the ESSEC Business School students for making this session a successful one!   #Mapletree #CorporateVisit

Happy to share that Mapletree was recognised as one of the supporters at the Patron of Heritage Award Ceremony by the National Heritage Board! This award was presented by Minister for Culture Community and Youth, Mr Edwin Tong SC, and is a mark of our commitment to enrich the vibrant arts, heritage and culture scene in Singapore.   Together with National Heritage Board, and like-minded individuals and organisations, we hope to continue to inspire the community through the arts and celebrate the rich diversity of Singapore’s heritage!   #Mapletree #MapletreeCSR   Image courtesy of National Heritage Board

#MapletreePanAsiaCommercialTrust (MPACT)’s 2Q FY24/25 results highlight Singapore’s strength and the positive impact of Mapletree Anson’s divestment. Amid varying overseas conditions, Singapore properties, comprising the majority of MPACT’s portfolio, achieved year-on-year growth in gross revenue and NPI (excluding Mapletree Anson). VivoCity spearheaded this growth despite impact from Basement 2 enhancement and tenant rejuvenation effort. The accretive Mapletree Anson divestment fortified MPACT’s financial position, reducing borrowings and lowering aggregate leverage to below 40%. This move bolstered MPACT’s ability to navigate high interest rates and pursue value-adding opportunities. The portfolio maintained resilient committed occupancy and positive rental reversion. The Singapore assets excelled with rental uplifts ranging from 2.5% at Mapletree Business City to 17.3% at VivoCity. VivoCity’s ongoing revitalisation, while temporarily affecting tenant sales, reinforces long-term performance and is advancing well. Meanwhile, Festival Walk recorded quarter-on-quarter improvement in shopper traffic and tenant sales driven by targeted marketing and tenant mix refinement. Capitalising on Singapore’s resilient majority presence, improved balance sheet and proactive asset management approach, MPACT is primed to navigate shifting market dynamics and deliver long-term value to unitholders. Singapore continues to serve as an anchor of stability amidst diverging overseas currents. More on MPACT's results: http://bit.ly/3XJssro #Mapletree #MPACT #SREITS #RealEstateInvestmentTrust #REITs #VivoCity #financials #agility #resilience #stability

#MapletreeLogisticsTrust (MLT) maintained resilient operational performance in 2Q FY24/25, with improved portfolio occupancy of 96.0% and positive rental reversions achieved across most markets except China. Distribution per unit for the quarter was 2.027 cents, amid continued headwinds from high borrowing costs, softness in China and weaker regional currencies. As part of its portfolio rejuvenation efforts, MLT has completed over S$220 million in acquisitions of Grade A assets in Malaysia and Vietnam, and announced over S$130 million in divestments in China, Malaysia and Singapore year-to-date. The capital released from the divestments will provide the financial flexibility for reinvestment into assets with higher growth potential. More on MLT’s results: https://lnkd.in/gpnDq3gQ #Mapletree #MLT #SREITs #RealEstateInvestmentTrust #resilience #financials