DOCSLIB.ORG

Corporate Overview

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Corporate Overview CORPORATE OVERVIEW Mapletree Investments Mapletree has been investing actively billion, or about 67.7% of the Group’s Pte Ltd (Mapletree) is in income-yielding assets globally. AUM are held under four Singapore- From incorporating our key strengths listed real estate investment trusts a leading real estate as a developer, investor, capital and (REITs) and six private equity real development, investment, property manager, we have been estate funds. Mapletree strives capital and property growing our portfolio of income- to maintain an optimal capital management company producing assets globally. In line with structure that provides financial Mapletree’s strategy to grow new flexibility to pursue new investment headquartered in income streams beyond Asia and opportunities. Singapore. We invest diversify its business, we ventured in real estate sectors into the developed, transparent and Mapletree’s properties span across 12 highly liquid markets of Australia, markets, namely Singapore, Australia, globally in geographical Europe, the United Kingdom (UK) and China, Europe, Hong Kong SAR, India, markets with good the United States (US). Japan, Malaysia, South Korea, the UK, growth potential, to the US and Vietnam. Mapletree owns provide consistent and During FY18/19, the Group continued and manages a diversified portfolio to broaden its presence by successfully of office, mixed-use, retail, logistics, high returns to our making acquisitions of office, student industrial, residential and lodging investors. accommodation and logistics assets in assets. Australia, China, Europe, India, Japan, the UK and the US. To support its global operations including Oakwood, Mapletree As at 31 March 2019, the Group has more than 3,400 employees had S$55.7 billion of assets under operating from our extensive management (AUM). Over S$37.7 network of offices. AUM BY GEOGRAPHY1 CHINA AND INDIA S$6,661.9m EUROPE S$4,836.1m NORTH ASIA NORTH AMERICA S$4,229.5m S$9,750.2m HONG KONG SAR S$9,124.8m SOUTH EAST ASIA S$2,180.7m SINGAPORE S$17,403.2m AUSTRALIA S$1,538.2m 6 MAPLETREE INVESTMENTS PTE LTD ANNUAL REPORT 2018/2019 OUR BUSINESS SEGMENTS Singapore Investments Logistics Development China and India Developer/investor/manager of Developer/investor/manager of Developer/investor/manager of primarily commercial properties (and logistics properties in China, Malaysia properties in China and India select industrial and business park and Vietnam Capital Management Platform properties in Singapore) Private real estate funds: • Mapletree India China Fund • Mapletree China Opportunity Fund II South East Asia Australia-New Zealand, North Asia Europe and USA Developer/investor/manager of and Oakwood Developer/investor/manager of properties (excluding Singapore) Developer/investor/manager of properties in Canada, Europe, the UK properties in Australia, Hong Kong SAR, and the US Capital Management Platform Japan and Oakwood Private real estate fund: Capital Management Platform • CIMB-Mapletree Real Estate Fund 1 Capital Management Platform Private real estate funds: Private real estate funds: • Mapletree Global Student • MJLD Accommodation Private Trust (MGSA) • MJOF2 • Mapletree US & EU Logistics Private Trust (MUSEL) SINGAPORE-LISTED REITS Mapletree Logistics Trust Mapletree Industrial Trust Mapletree Commercial Trust Manager of logistics properties Manager of industrial properties and Manager of office, business park and in Singapore, Australia, China, data centres in Singapore and the US retail properties in Singapore Hong Kong SAR, Japan, Malaysia, South Korea and Vietnam 1 Geography covers regions in accordance with Mapletree’s business segments and REITs. 2 This Japan-focused private fund was fully realised in March 2019. 3 Formerly known as Mapletree Greater China Commercial Trust (MGCCT). Please refer to MNACT’s SGX-ST Announcement dated 25 May 2018 titled “Change of Name of Mapletree North Asia Commercial Trust3 Mapletree Greater China Commercial Trust and the Manager”. Manager of commercial properties in China, Hong Kong SAR and Japan CORPORATE OVERVIEW 7.
Load more

Recommended publications
  • Group Senior Management
    Maple Tree_AR_Size: 215x280Hmm_PG:24 SL323735_175#_15-003_GP1B Mapletree Investments Pte Ltd Group Senior Management HIEW YOON KHONG, 53 Group CHief EXecutive Officer Mr Hiew is a member of the MIPL Board and assets in excess of S$25 billion. In the process, its Group Chief Executive Officer. He is also a Mapletree also built a substantial and growing Non-Executive Director of Mapletree Logistics capital management business. Trust Management Ltd, Mapletree Industrial Trust Management Ltd, Mapletree Commercial From 2003 to 2011, Mr Hiew was concurrently Trust Management Ltd, and Mapletree Greater Senior Managing Director (Special Projects) in China Commercial Trust Management Ltd. Temasek Holdings. Prior to joining Mapletree, Mr Hiew held various senior positions in the Mr Hiew joined Mapletree in 2003 as Group CapitaLand group of companies. His past Chief Executive Officer. He has since led the directorships included serving as a member on Mapletree Group from a Singapore-centric the Boards of Changi Airports International and asset-owning real estate company worth Sentosa Development Corporation, as well as S$2.3 billion to a fast-growing regional the Board of Trustees of the National University company with total owned and managed of Singapore. WONG MUN HOONG, 49 Group CHief Financial Officer Mr Wong oversees the Finance, Tax, Treasury, Prior to joining Mapletree in 2006, Mr Wong Private Funds Management, Risk Management, had over 14 years of investment banking and Information Systems & Technology experience in Asia, the last 10 years of which functions of the Mapletree Group. were with Merrill Lynch & Co. He is also a Non-Executive Director of Mapletree Logistics Trust Management Ltd, Mapletree Industrial Trust Management Ltd, Mapletree Commercial Trust Management Ltd and CapitaLand Township Development Fund.
    [Show full text]
  • Awards & Accolades
    Maple Tree_AR_Size: 215x280Hmm_PG:79 SL323735_175#_15-003_GP1B Annual Report 2014/2015 Awards & Accolades Awards & Accolades 2015 2014 Frost & Sullivan Asia Pacific Logistics MIPIM Asia Awards – Best Chinese Infrastructure Developer of the Year Futura Mega Project – Bronze th 8 Place in the 2014/2015 APAC Fund Frost & Sullivan MIPIM Asia Manager Guide Mapletree Logistics Trust Management Ltd Mapletree Business City Shanghai and PERE Magazine VivoCity Shanghai Mapletree Investments Pte Ltd Top 50 Singapore Brands Brand Finance, Singapore Top 10 Commercial Real Estate in Foshan SG Mark Award Mapletree Logistics Trust Management Ltd Winshang.com, China Design Business Chamber Singapore VivoCity Nanhai Mapletree Business City II Top 10 Performing Buildings (Mixed Development) in BCA Building Energy 2014 Commercial Landmark in BCA-IDA Green Mark Platinum Award Benchmarking Report 2014 Foshan City Building and Construction Authority and Building and Construction Authority, Singapore Guangzhou Daily, China Infocomm Development Authority of Singapore HarbourFront Centre VivoCity Nanhai Build-to-suit data centre for Equinix, SG3 Top 10 Performing Office Buildings PLUS 2014 Most Influential District Green Mark Gold Award (Private) in BCA Building Energy Shopping Mall Building and Construction Authority, Singapore Benchmarking Report 2014 Guangzhou Daily, China PSA Building & Alexandra Retail Centre Building and Construction Authority, Singapore VivoCity Nanhai Mapletree Business City Apple Daily Best Mall Awards 2014 – Top 10 Commercial Landmarks
    [Show full text]
  • MCT Secures Its First S$670.0 Million Green Loan
    For Immediate Release MCT secures its first S$670.0 million green loan Singapore, 21 October 2019 – Mapletree Commercial Trust Management Ltd., as manager of Mapletree Commercial Trust (“MCT”, and as manager of MCT, the “Manager”), is pleased to announce that DBS Trustee Limited, in its capacity as trustee of MCT (the “Trustee”), has secured its first S$670.0 million green club loan to part finance its acquisition of Mapletree Business City (Phase 2)1 (“MBC II”) and the Common Premises2. Completed in 2016, MBC II has been designed with environmentally friendly features and has been certified BCA Green Mark Platinum, BCA Universal Design Mark Platinum Award and LEED® Gold. DBS Bank Ltd. (“DBS”) and OCBC Bank acted as the green loan coordinators. The other club banks are Bank of China Limited Singapore Branch, Citibank N.A. Singapore Branch and Sumitomo Mitsui Banking Corporation Singapore Branch. The loan heralds MCT’s first step in green financing and demonstrates MCT’s commitment to sustainability in the property sector. Currently, all of MCT’s existing properties have received BCA Green Mark certifications, most of which are rated at the top two categories. Going forward, MCT is committed to ensuring that all MCT’s properties are and continue to be BCA Green Mark-certified, incorporating features such as greater climatic responsiveness, higher energy effectiveness, increased resource efficiency and smarter and healthier indoor environments. MCT has established a Green Loan Framework (the “Framework”) which is guided by the Green Loan Principles (2018) published by the Loan Market Associations and the Asia Pacific Loan Market Association.
    [Show full text]
  • Mapletree Logistics Trust to Acquire
    For Immediate Release MAPLETREE LOGISTICS TRUST TO ACQUIRE (I) NINE LOGISTICS PROPERTIES IN CHINA, MALAYSIA AND VIETNAM, AND (II) THE REMAINING 50% INTEREST IN 15 LOGISTICS PROPERTIES IN CHINA Acquisitions of high-quality modern logistics properties with average age of 2.8 years enhance MLT’s portfolio and regional network presence 94.7% leased to a strong tenant base serving mainly the domestic consumer markets, with e- commerce tenants accounting for 58% of revenue Proposed Acquisitions are expected to be distribution per Unit (“DPU”) and net asset value (“NAV”) per Unit accretive Singapore, 19 October 2020 – Mapletree Logistics Trust Management Ltd., as manager (the “Manager”) of Mapletree Logistics Trust (“MLT”), is pleased to announce the proposed acquisitions of A 100% interest in seven properties (the “New PRC Properties”) and the remaining 50% interest in 15 properties in China (the “Partially Owned PRC Properties”, and together with the New PRC Properties, the “PRC Properties”) at an acquisition price of approximately RMB4,477.1 million (S$905.7 million)1; A property in Malaysia (the “Malaysia Property”) at an acquisition price of approximately MYR402.5 million (S$131.7 million)1; and A property in Vietnam (the “Vietnam Property”) at an acquisition price of approximately USD22.2 million (S$30.1 million)1 (collectively, the “Properties”, and the acquisitions of the Properties, the “Acquisitions”) from subsidiaries of Mapletree Investments Pte Ltd (the “Sponsor”), the sponsor of MLT, and subsidiaries of Itochu Corporation, as the case may be. Ms Ng Kiat, Chief Executive Officer of the Manager, said, “The acquisition of these properties in high growth markets is a continuation of our long-term strategy to deepen MLT’s network connectivity to better serve our customers’ regional requirements, enabling them to access large consumption hubs within a short delivery time.
    [Show full text]
  • Annual Report 2018 Re-Imagining Olam
    Strategy Report Olam International Annual Report 2018 Re-imagining Olam Offering tomorrow’s products and services Strategy Report Olam International Limited Annual Report 2018 olamgroup.com About this report Contents Strategy Report Strategy report This chapter offers narrative about our strategy, our 2 Our financial and performance and key market factors and trends. It can be performance highlights read independently as an 8 Chairman’s letter Executive Summary or as part of the full report. 10 Group CEO review 26 Our business model Governance Report This section gives detailed 28 Our strategy in action information about our rigorous governance framework and those 40 Group COO review responsible for ensuring it is 76 Manufactured Capital followed. Shareholder information is also held within this chapter. 80 Human Capital 85 Social Capital Financial Report 92 Natural Capital Our figures and respective notes are enclosed within this chapter. 101 Intellectual Capital It should be read in conjunction 104 Intangible Capital with the Strategy Report to give a balanced account of internal and Integrated Impact external factors. 108 Statement 111 Engaging stakeholders 114 Risk Management 118 General information Navigating the Strategy Report Our Value Chain Edible Nuts Confectionery Food Industrial Raw Commodity and Spices and Beverage Staples and Materials, Financial Ingredients Packaged Infrastructure Services Foods and Logistics Our Capitals Front cover image: At Olam Spices’ Innovation and Quality Centre in Fresno, California, USA, Hein Tran
    [Show full text]
  • Further Stronger
    further stronger Mapletree Investments Pte Ltd | Annual Report 2013/2014 Key Performance Targets FY2009/2010 - FY2013/2014 Mapletree challenged itself to achieve six growth targets meeting the S$200 million target it set for itself, while by FY13/14, and successfully turned in commendable EBIT + SOA1 grew from S$337.3 million five years ago results as it played to its strengths as an Asia-focused to S$472.0 million. real estate developer, investor and capital manager. Average return on invested equity (ROIE) for the five- In five years, the Group expanded assets under year period came in high at 14.1% – above the 10% management (AUM) to S$24.6 billion, hitting the upper minimum rate the Group wanted to achieve. Mapletree range of the S$20-25 billion growth target set. An asset- also realised a NAV CAGR2 of 11.4% in five years. Going light strategy further helped Mapletree to meet the goal forward, Mapletree is confident that it will continue to of managing as opposed to directly owning more than strengthen its earnings base and build recurring income half of the AUM. Fee income grew to S$203.2 million – to deliver consistent and high returns. AVERAGE ROIE (From FY09/10) 29.4 14.1% 14.6 ROIE 12.0 6.4% (%) 8.0 11.9 11.4% 11.0 11.4 (From FY09/10) NAV CAGR (%) 9.2 664.4 519.5 S$472.0M EBIT + SOA 426.8 S$203.2M 337.3 (S$M) 188.1 134.3 FEE 124.2 INCOME 80.5 S$6,381M (S$M) 5,020 8,450 S$18,224M 16,744 7,519 OWNED 6,863 ASSETS 11,401 (S$M) 7,903 MANAGED 6,076 ASSETS (S$M) FY09/10 FY10/11 FY11/12 FY12/13 FY13/14 S$12,939M S$15,422M S$19,851M S$21,764M S$24,605M 1 Earnings before interest and taxes including share of profits of associated companies and joint ventures, and share of associates gain on disposal 2 Net asset value compounded annual growth rate.
    [Show full text]
  • Proposed Acquisition of the Office and Business Park Components of Mapletree Business City (Phase 1)
    For Immediate Release Proposed Acquisition of the Office and Business Park Components of Mapletree Business City (Phase 1) Strategic Addition of a Quality Property in a Large-Scale Integrated Business Hub Proposed Acquisition is Expected to be Distribution per Unit (“DPU”) and Net Asset Value (“NAV”) Accretive Without Income Support Singapore, 5 July 2016 – Mapletree Commercial Trust Management Ltd. (“MCTM” or the “Manager”), the manager of Mapletree Commercial Trust (“MCT”), is pleased to announce that DBS Trustee Limited (the “Trustee”), in its capacity as trustee of MCT, has entered into a put and call option to acquire the office and business park components of Mapletree Business City (Phase 1) (the “Property”) from Mapletree Business City Pte. Ltd., a wholly-owned subsidiary of Mapletree Investments Pte Ltd (the “Sponsor”) for a purchase consideration of S$1,780.0 million (the "Acquisition"). The Acquisition involves the purchase of the strata leasehold interest of four blocks of office and business park space, namely an office tower (MBC 10) and three business park blocks (MBC 20W, MBC 20E and MBC 30) with a total net lettable area ("NLA") of over 1.7 million square feet. The S$1,780.0 million purchase consideration for the Property represents a discount of approximately 2.6% to the average of two independent valuations conducted by Knight Frank and DTZ Debenham Tie Leung (SEA), commissioned by the Trustee and the Manager respectively. Including acquisition-related expenses, the total acquisition cost is expected to be approximately S$1,858.5 million. The Manager intends to fund the Acquisition with a combination of debt and equity.
    [Show full text]
  • NAVIGATING the Mapletree Industrial Trust (“MIT”) Is a Real Estate Investment Trust (“REIT”) Listed on the Main Board of Singapore Exchange
    CORPORATE PROFILE NAVIGATING THE Mapletree Industrial Trust (“MIT”) is a real estate investment trust (“REIT”) listed on the Main Board of Singapore Exchange. Its principal investment strategy is to invest in a diversified portfolio of income-producing real estate used primarily for Anchored by our well-diversified industrial purposes in Singapore and income-producing portfolio, we stand prepared to real estate used primarily as data centres worldwide beyond navigate the challenging course ahead. Singapore, as well as real estate-related assets. Over the years, we have built resilience through our strong track record MIT’s property portfolio comprises 87 industrial properties in of growing the Hi-Tech Buildings Singapore and 27 data centres in North America (through segment. With our enhanced financial the joint ventures with Mapletree Investments Pte Ltd). flexibility, we continue to leverage on The properties in Singapore include Hi-Tech Buildings, the Sponsor’s extensive capabilities to Flatted Factories, Business Park Buildings, Stack-up/ seize new opportunities in Singapore Ramp-up Buildings and Light Industrial Buildings. As at and overseas. 31 March 2020, MIT’s total assets under management was S$5.9 billion. MIT is managed by Mapletree Industrial Trust Management Ltd. (the “Manager”), a wholly-owned subsidiary of Mapletree Investments Pte Ltd (the “Sponsor”). The Sponsor is a leading real estate development, investment, capital and property management company headquartered in Singapore. CONTENTS VISION STRATEGY To be the preferred
    [Show full text]
  • Mapletree Logistics Trust Makes First Foray Into India with Latest Acquisition
    For Immediate Release MAPLETREE LOGISTICS TRUST MAKES FIRST FORAY INTO INDIA WITH LATEST ACQUISITION Acquisition of two modern logistics properties in India for INR4,550 million Marks MLT’s maiden entry into the fast growing Indian logistics market Prime, strategically located properties with diversified tenant mix Singapore, 17 March 2021 – Mapletree Logistics Trust Management Ltd., as manager (the “Manager”) of Mapletree Logistics Trust (“MLT”), is pleased to announce the proposed acquisition of two logistics properties (the “Properties”) in Pune, Maharashtra, India, through the acquisition of a property holding company (the “India SPV”) for a property purchase price of INR4,550 million (S$84.2 million1) (the “Acquisition”). The Properties are being acquired from a subsidiary of an affiliate of Morgan Stanley Real Estate Investing and Waterloo Motors Private Limited (collectively, the “Vendors”). Brief details of the Properties are set out below: Agreed Remaining Property Valuation(1) GFA Property Description Land Occupancy Value (INR million) (sqm) Tenure(2) (INR million) Plot No.5, Chakan 4 blocks, MIDC Area Phase – II, single-storey Village Khalumbre, 4,050 4,179 76,134 88 years 100% ambient Taluka Khed, District warehouse Pune (“Chakan MIDC”) Plot No. P-12, Talegaon Floriculture and 2 blocks, Industrial Park, MIDC single-storey Talegaon, Village 500 548 13,095 86 years 88% ambient Navlakh Umbre, Taluka warehouse Maval, District Pune (“Talegaon MIDC”) Total 4,550 4,727 89,229 98.2%2 Notes: (1): Based on independent valuations conducted by Savills Property Services (India) Pvt. Ltd. as at 2 March 2021. The Valuer has valued the Properties based on the discounted cash flow method and income capitalisation method.
    [Show full text]
  • Other Information Interested Person Transactions 217
    OTHER INFORMATION INTERESTED PERSON TRANSACTIONS 217 The Group has obtained a general mandate from shareholders of the Company for interested person transactions in the Annual General Meeting held on 2 June 2020. During the financial year, the following interested person transactions were entered into by the Group: Aggregate value of all interested person Aggregate value of all transactions during interested person the financial year transactions conducted under review (excluding under a shareholders’ transactions less than mandate pursuant $100,000 and transactions to Rule 920 of the conducted under SGX Listing Manual shareholders’ mandate (excluding transactions Name of Interested Person Nature of relationship pursuant to Rule 920) less than $100,000) 2020 2020 $’000 $’000 Transaction for the Sale of Goods and Services Temasek Holdings Group (other than the below) Temasek Holdings – 5,802 PSA International Group (Private) Limited is a – 1,986 SembCorp Marine Group controlling shareholder – 4,732 SembCorp Industries Group of the Company. – 88 CapitaLand Group The other named – 122,968 Singapore Power Group interested persons are – 297 Singapore Technologies Engineering Group its associates. – 2,597 Singapore Telecommunications Group – 8,735 Singapore Airlines Group – 168 Mapletree Investments Group – 7,800 Keppel Infrastructure Trust Group – 57,701 Pavilion Energy Group – 63 Certis CISCO Security Group – 1 SMRT Corporation Group – 1 Transaction for the Purchase of Goods and Services Temasek Holdings Group (other than the below) Temasek Holdings – 27,733 Certis CISCO Security Group (Private) Limited is a – 2,118 Pavilion Energy Group controlling shareholder – 55,000 PSA International Group of the Company. – 219 SembCorp Marine Group The other named – 698 SembCorp Industries Group interested persons are – 82 CapitaLand Group its associates.
    [Show full text]
  • Financial Statements
    Financial Statements Contents 82 Directors’ Statement 90 Statement of Changes in Equity – Group 86 Independent Auditor’s Report 91 Statement of Changes 87 Statements of Profit or Loss in Equity – Company 88 Statements of 92 Consolidated Statement Comprehensive Income of Cash Flows 89 Statements of Financial Position 94 Notes to the Financial Statements Annual Report 2015/2016 81 Financial Statements Directors’ Statement For the financial year ended 31 March 2016 The Directors present their statement to the member together with the audited statements of profit or loss, statements of comprehensive income, statements of financial position and statement of changes in equity of the Company and the Group, and the audited consolidated statement of cash flows of the Group for the financial year ended 31 March 2016. In the opinion of the Directors, (a) The statements of profit or loss, statements of comprehensive income, statements of financial position and statement of changes in equity of the Company and the Group and the consolidated statement of cash flows of the Group set out on pages 87 to 159 are drawn up so as to give a true and fair view of the financial position of the Company and of the Group as at 31 March 2016 and the financial performance and changes in equity of the Company and of the Group and cash flows of the Group for the financial year covered by the consolidated financial statements; and (b) At the date of this statement, there are reasonable grounds to believe that the Company will be able to pay its debts as and when they fall due.
    [Show full text]
  • Accessing ASEAN Markets
    Accessing ASEAN Markets Geoff Howie Markets Strategist, Singapore Exchange 11May 2013 Investment Choices . Private Investment share of GDP to moderately rise (+1.1%), while private savings rate to moderately fall (-1.8%) over next 5 years according to annual IMF Country Report*. Real Estate or Stocks? – Over a ten year period ending March 2013, the average annualised return of the Urban Redevelopment Authority Property Price Index by residential type amounts to +6.4%. – Over the same timeframe the average annualised return of the STI was +10.4% not including dividend distributions. IMF Article IV Report – Singapore July 2012 SGX The Asian Gateway 1 ASEAN Market Highlights . In the April 2013 IMF World Economic Outlook, GDP growth of ASEAN-5 was revised upwards versus downward revisions for United States, Europe, China and India. Alongside listing a number of stocks and trusts that generate a large percentage of their revenue in ASEAN neighboring states, SGX offer a number of ETFs that provide exposure to the performance of ASEAN equity indices. While the majority of the ETFs are US Dollar denominated, the majority of the stock offerings are denominated in the Singapore Dollar (SGD). Furthermore, the strong external position of reserves at 100% of GDP means Singapore is one of three countries in the world outside Europe & UK to maintain the highest sovereign rate by Fitch, S&P and Moody’s. Coinciding with increased physical trade flows between ASEAN and China, the largest IPO in Asia in the 2013 YTD has been a REIT which holds assets in Greater China and is managed by a wholly-owned subsidiary of Mapletree Investments.
    [Show full text]