The Sponsor, Mapletree Investments Pte Ltd (MIPL) is a leading Asia-focused real estate capital management company based in Singapore. Its strategic focus is on investing in markets and real estate sectors with good growth potential in Asia.
As at 31 March 2013, MIPL and its subsidiaries (the “Mapletree Group”) owns and manages S$21.8 billion of office, logistics, industrial, residential and retail/lifestyle properties. To support its regional businesses, the Mapletree Group has established an extensive network of offices in Singapore, China, Hong Kong, India, Japan, Malaysia, South Korea and Vietnam.
MIPL executes a disciplined risk-adjusted model that is focused on delivering consistent return. MIPL’s business model is to incubate real estate assets where value can be created either by developing, rejuvenating or performing asset enhancements and subsequently unlocking the value in these assets by bundling suitable assets to originate, or sell to, REITs and private real estate funds. This business model moves away from the traditional real estate business model of holding on to properties for capital appreciation and investment income through property cycles to a recurrent fee-based income model which is better able to weather the cyclical nature of the real estate market.
MIPL is indirectly wholly-owned by Temasek Holdings (Private) Limited (“Temasek”), through its wholly-owned subsidiary, Fullerton Management Pte Ltd.