JUL 2019 OCT 2019

MAPPINGA PUBLICATION BY MAPLETREE

INSIDE TREND Tier 2 cities take centrestage in ’s residential property market

INSIDER A long-serving staff shares his work motivation

SPACES Discover Global Infocity Park Chennai’s appeal

PAY IT FORWARD Giving back to our communities

DATA SURGE Collect, store, process, distribute and access big data in a safe and secured space Cover photo Mapletree Sunview 1 is a six-storey build- to-suit data centre with a gross floor area of about 22,500 sqm. The purpose-built data centre was completed on 13 July 2018.

Mapletree Editorial Wan Kwong Weng Heng Sue Yuan About Mapletree Pyrena Chu Mapletree is a leading real estate development, investment, Xabryna Kek capital and property management company headquartered in . Its strategic focus is to invest in markets and real Publishing Consultant estate sectors with good growth potential. By combining its key strengths, the Group has established a track record of award-winning projects, and delivers consistent and high returns across real estate asset classes. Mapletree currently manages Senior Editor Ronald Rajan four Singapore-listed real estate investment trusts (REITs) and Editor Dennis Yin six private equity real estate funds, which hold a diverse portfolio Assistant Editor Fairoza Mansor of assets in Asia Pacific, Europe, the (UK) and Senior Writer Wanda Tan the United States (US). As at 31 March 2019, Mapletree owns Senior Business and manages S$55.7 billion of office, retail, logistics, industrial, Relationship Manager Michele Kho residential and lodging properties. The Group’s assets are Contributors Francis Kan, Keenan Pereira, located across 12 markets globally, namely Singapore, , Pamela Quek China, Europe, SAR, , , , , the UK, the US and . To support its MCI (P) 075/09/2018 global operations, Mapletree has established an extensive Printed by KHL Printing network of offices in these countries.

For more information, please visit www.mapletree.com.sg.

004791 About Mapping Published by Mapletree, Mapping is a thrice-yearly magazine Copyright © 2019 Mapletree Investments Pte Ltd. focused on real estate trends and the latest developments All rights reserved. No part of this publication may be within the organisation. If you have any suggestions on reproduced, stored in retrieval system, or transmitted, Mapping, or are a Mapletree tenant who would like to be in any form or by any means, electronic, mechanical, featured, drop us a note at [email protected]. photocopying, recording or otherwise without prior All information is correct at time of printing. written permission of the publishers. WELCOME NOTE 02

MAKING ROOM 03 FOR BIG DATA A booming digital economy is increasing the demand for data centres.

INSIDER 10 A long-serving staff shares his appreciation for the company. 03 10 TREND 12 Mapletree’s residential developments in China are benefitting from the country’s robust property market.

SPACES 16 Global Infocity Park Chennai stands out with its excellent connectivity and eco-friendly features.

DESTINATION 18 Make Oakwood your preferred accommodation when you visit 12 the United States. BULLETIN 23 Happenings and new openings within the Mapletree Group.

NETWORK 31 Mapletree’s presence worldwide.

PAY IT FORWARD 32 Giving back to the community.

SPACE FOR RENT 35 Need a space for your business? Find it here. 23 18 Contents s the demand for cloud- Over at the housing market in company for close to five decades. based storage, data creation dominant economic powerhouse He first began his career at the A and the Internet of Things China, we cast a spotlight on home former Port of Singapore Authority grow exponentially, more companies properties in Tier 2 cities such as (PSA), before being seconded are opting to store their data and Foshan and Ningbo. Residential to Mapletree in 2000. Today, the information at an off-site property — property prices are slated to rise this 67-year-old grandfather handles also known as a data centre. Doing year, as the country’s government property management work for so improves efficiency and lowers urges banks to raise lending and Mapletree Logistics Trust’s properties companies’ power costs, as they no lower interest rates for new-home in Malaysia. More highlights of his longer need to confine their data mortgages. Coupled with a relaxation career are on page 10. servers to a restricted area in the of home purchase restrictions and And finally, if you are looking office building. the expectation of higher income for an extended stay in the US, why Noticing the growing interest growth, the residential sector in China not check out two of Mapletree’s in data centres, Mapletree in 2007 is poised to remain buoyant. Flip to latest acquisitions in Chicago and acquired its first data centre in page 12 and find out why Mapletree’s Arlington? Oakwood Chicago Singapore — making it one of the China residential properties have River North is located in the earliest investors in the local data benefitted from a wave of optimism heart of Chicago’s River North centre market. Since then, the Group sweeping the market. neighbourhood, while Oakwood has successfully expanded its presence In March this year, Mapletree Arlington is located in Northern in this sector through acquisitions concluded its second Five-Year Plan Virginia’s bustling Rosslyn district. and developments of data centres in and achieved another record net profit Soak in the sights, and enjoy Singapore and the United States (US). of S$2.16 billion for Financial Year convenience and comfort at the same Read how data centres are becoming 2018/2019. Attesting to the strong time. Head over to the Destination an indispensable part of the digital capabilities of Mapletree’s execution section on page 18 for more travel economy in this issue’s cover story of its business model, the Group tips in the Land of Liberty. on page 3. registered a Return on Equity1 (ROE) of We hope you enjoy this issue 15.3 per cent and Return on Invested of Mapping, which also covers a Equity2 (ROIE) of 10.4 per cent. In plethora of dining options at VivoCity addition, Mapletree’s total owned and and HarbourFront Centre, Singapore, managed assets under management as well as our latest Corporate Social rose to S$55.7 billion — an increase Responsibility efforts. For feedback of 20.3 per cent from a year ago. or enquiries, drop us an email at For more details on the outstanding [email protected]. financial results, turn over to page 30. This issue, we also speak to 1 ROE denotes return on equity and is computed based long-serving Mapletree staff Mr Yu on PATMI attributable to equity holders of the Company Lai Bee, who has been with the over shareholder’s funds. 2 ROIE computed based on Operational PATMI (less profit attributable to perpetual securities) over the Group’s equity from shareholder adjusted for unrealised revaluation gains or losses and The increasing spatial requirements for the such other non-cash flow and non-operating items data storage sector presents opportunities for including mark-to-market fair value adjustments and real estate developers such as Mapletree. negative goodwill. note Welcome 03-09 Data CentresV6.indd3

Photo: Getty Images ROOM MAKING signi The globaldatacentre marketisgrowing rapidlyintandemwith and streaming ofvideosorsendingemailsare contributingtoa the digitaleconomy. Onlineactivities includingtheuploading investment opportunitiestocompaniesandconglomerates. like Mapletree are inthethickofactiontooffer ideal cant amountofdatagenerateddaily. Realestatedevelopers FOR

BIG DATA

COVER STORY 7/9/19 2:41 PM

3 COVER STORY

19 Tai Seng Drive is a six-storey Hi-Tech Building used by StarHub Limited to house its data centre operations.

According to leading market research firm 451 Research, the worldwide data centre space sector is expected to grow at a compound annual growth rate of 5.2 per cent (by net operational square feet) from 2017 to 2022 (forecast). Several factors are behind the rising demand for data centre real estate:

• Growing data creation and storage. This is driven by the increased take-up of digital technologies among businesses and consumers.

• Proliferation of the Internet of Things. The growth of Internet-connected devices will generate large quantities of data to be processed and analysed in real time, which will increase the workloads of data centres. ONE OF THE BIGGEST FORCES SHAPING st the 21 century is the unprecedented explosion of • Increasing demand for cloud-based storage. data. Conducting an Internet search, replying to More businesses and consumers are adopting cloud emails, shopping online, uploading and streaming services to address their need for cost-effective, videos, scrolling through social media — these are reliable and secure data centre solutions. just some of the commonplace activities contributing to the staggering amount of digital information • Introduction of data privacy laws. generated daily. None of it would be possible without Regulatory and compliance requirements for data centres. data security, such as the European Union General A data centre is a specialised facility housing Data Protection Regulation, are prompting computing and networking equipment, that contains corporations to store their data locally. associated components, including servers, routers, telecommunications infrastructure, back-up power In 2007, Mapletree acquired its first data centre supplies, security and surveillance systems, and in Singapore, making it one of the earliest real estate cooling systems to prevent over-heating. This is investors in the local data centre market. Since then, where large volumes of data are collected, stored, Mapletree Investments and its listed industrial processed and transmitted across wireless networks real estate investment trust, Mapletree Industrial Trust to the electronic devices installed in homes and (MIT), have successfully expanded their presence offices, and in the palms of our hands. in the data centre sector through acquisitions and While some companies build and maintain the development of data centres in Singapore on-site data centres themselves, many others and the United States (US). outsource these to optimise cost and to focus on their core businesses. Under this arrangement, ON HOME GROUND companies rent space for their servers and other Singapore holds the distinction of being Southeast computing hardware at a remote facility that is owned Asia’s top data centre hub, supported by the and managed by an investor or data centre operator. extensive undersea cable network linking it to Public cloud providers like Amazon, Google and other countries, fast Internet speeds, pro-business Microsoft have also entered the scene in recent times, environment, political stability and digitally savvy allowing businesses to store and access data over workforce. In a recent report by Cushman & the cloud on an on-demand basis, without the need Wakefield, Singapore was revealed as a hot favourite for IT hardware. among data centre investors in the Asia-Pacific, with

4 SINGAPORE: A TOP DATA CENTRE HUB

SINGAPORE’S OUTSOURCED DATA CENTRE MARKET GENERATED S$1.3 BILLION IN 2017, AND IT IS EXPECTED TO BE WORTH S$2 BILLION BY 20211. The STT Tai Seng 1 is a six-storey Hi-Tech Building used as a data DATA CENTRES OCCUPIED OVER 241,000 SQUARE centre located within the Paya Lebar METRES (SQM) OF SPACE IN 20171. i-Park, a 15-hectare (150,000 sqm) estate for companies in the lifestyle and knowledge-driven industries. AN ESTIMATED 65,000 SQM OF DATA CENTRE SPACE WAS COMPLETED IN 2018, AND THE TOTAL STOCK IS SET TO MORE THAN DOUBLE BY 20222.

1 Structure Research 2 Singapore Business Review Photos: Mapletree Investments Investments Photos: Mapletree

5 COVER STORY

the island drawing about 40 per cent (US$550 million) of total real estate investment in data centres across the region during the 12-month period ended Q2 2018. Mr Tham Kuo Wei, Chief Executive Officer of MIT Management, says of MIT’s data centre investment strategy: “We are confident of the robust demand for data centre space, which is driven by the growth of data and content creation, as well as the adoption of cloud services by businesses and consumers. In particular, data centres offer income stability for MIT as they typically come with high-quality tenants, long leases and locked-in annual rental escalations.” Currently, MIT has five data centres in Singapore 7 Tai Seng Drive is in the midst of being upgraded to a data centre as part of its Hi-Tech Buildings portfolio, all of with a gross floor area of approximately 23,800 sqm. which are leased to Singapore and international data centre operators. The first two properties, Hi-Tech Building is situated within the one-north 19 Tai Seng Drive and STT Tai Seng 1 (formerly known research and development (R&D) hub and business as Tata Communications Exchange), were acquired park precinct. and developed by Mapletree Investments, before Three years later, when the opportunity arose being included in MIT’s initial portfolio for its listing for MIT to acquire 7 Tai Seng Drive and upgrade in October 2010. the industrial property to a data centre, Equinix A unique selling point of MIT’s build-to-suit was a natural partner of choice as it also had similar (BTS) data centres is that they are customised to the expansion plans. Slated for completion later this tenants’ requirements, which fulfil the stringent safety year, the seven-storey building will be Equinix’s fourth and data security guidelines required of data centres. data centre in Singapore, its second with MIT in In particular, MIT’s collaboration with Equinix, Singapore, and the first one to be located within the a global interconnection and data centre company, Tai Seng Industrial Estate. has been making headlines of late as the latter seeks The new data centre at 7 Tai Seng Drive with a to expand its presence in Singapore. This partnership GFA of about 23,800 sqm will be directly connected began with the BTS development at 26A Ayer Rajah to Equinix’s three existing data centres in Singapore, Crescent, Equinix’s flagship data centre, which was thus offering location diversity and enabling completed in January 2015. With a gross floor area its customers to interconnect with hundreds of (GFA) of approximately 35,700 sqm, the seven-storey companies across different industries securely.

MIT ’S DATA CENTRES IN SINGAPORE

Address Tenant Investment Type Date Acquired/Completed

19 Tai Seng Drive StarHub Acquisition August 2007

35 Tai Seng Street (STT Tai Seng 1) STT Tai Seng BTS development March 2010

26A Ayer Rajah Crescent Equinix Singapore BTS development January 2015

12 Sunview Drive (Mapletree Sunview 1) Undisclosed BTS development July 2018

7 Tai Seng Drive Equinix Singapore Acquisition and Second half of 2019 upgrading works (estimated)

6 DESIGNING ‘GREEN’ DATA CENTRES Covered in the S$95 million acquisition and upgrading cost of 7 Tai Seng Drive is a range of improvement works such as increased power capacity and floor Data centres are an indispensable part of the loading capacity, additional telecommunications digital economy, but that does not detract from infrastructure, as well as enlarged space provision for the harmful environmental impact they cause. mechanical and electrical equipment. As these facilities have to be powered 24/7, they This latest partnership with Equinix underscores consume an enormous amount of electricity, which its confidence in MIT’s ability to deliver customised is still largely powered by fossil fuels. The Global industrial real estate solutions, and it is in line with e-Sustainability Initiative estimates that data MIT’s expanded strategy to capture opportunities centres account for three per cent of the world’s in the fast-growing data centre sector. These projects electricity use and two per cent of our planet’s have added to MIT’s track record and enabled the greenhouse gas emissions — a carbon footprint company to pursue other growth opportunities in equivalent to the global aviation industry. this sector. In addition, they highlight MIT’s efforts Fortunately, the sector is starting to take note in reshaping and building the portfolio of assets for of this problem and build more environmentally higher-value uses. sustainable data centres. Take MIT’s purpose- built data centre for Equinix at 26A Ayer Rajah BUILDING MOMENTUM ABROAD Crescent, for example. It features a host of Having successfully developed BTS data centres and energy- and resource-efficient features such as actively sourced for prospective deals in Singapore, the adoption of an innovative green construction it was only a matter of time before MIT explored system that reduced concrete usage during the global data centre market. MIT began pursuing construction, the use of recycled NEWater for overseas opportunities in the data centre sector in cooling towers and motion-activated LED lights, 2015, before making its first move in the US — the as well as the installation of photovoltaic world’s largest data centre market with a 28 per cent systems at the rooftop and façade to harness

Photos: Mapletree Investments Investments Photos: Mapletree share of the global insourced and outsourced data renewable energy. As a result of these eco-friendly measures, 26A Ayer Rajah Crescent was awarded the BCA– IDA Green Mark for New Data Centres (Platinum) — the highest green accolade jointly conferred by the Building and Construction Authority (BCA) and the Infocomm Development Authority (IDA) for data centre developments in Singapore. The facility also achieved the Leadership in Energy and Environmental Design (LEED) Gold certification by the US Green Building Council, which was also secured by the facility at STT Tai Seng 1.

26A Ayer Rajah Crescent was conferred the prestigious Platinum Award for the BCA-IDA Green Mark for New Data Centres in 2015, reinforcing MIT’s track record for sustainable build-to-suit solutions.

7 COVER STORY

We are confident of the robust demand for data centre space, which is driven by the growth of data and content creation, as well as the adoption of cloud services by businesses and consumers. In particular, data centres offer income stability for MIT as they typically come with high-quality tenants, long leases and locked-in annual rental escalations.

Mr Tham Kuo Wei Chief Executive Officer, Mapletree Industrial Trust (MIT) Management

MIT completed Mapletree Sunview 1, its third BTS data centre development, with a GFA of about 22,500 sqm in July 2018.

8 DID YOU KNOW?

ORIGINALLY BUILT IN 1923, 180 PEACHTREE IN ATLANTA USED TO BE A MACY’S DEPARTMENT STORE 7337 Trade Street, San Diego, — ONE OF AMERICA’S centre space (by net operational square feet), according is the largest data centre among the portfolio of 14 MOST WELL-KNOWN to 451 Research. assets MIT acquired in 2017 DEPARTMENT STORE In December 2017, MIT completed the S$1,020 through a 40:60 joint venture with Mapletree Investments. CHAINS — BEFORE million acquisition of 14 data centres across the US IT WAS CONVERTED via a 40:60 joint venture with its Sponsor, Mapletree INTO A DATA CENTRE Investments. “The joint venture was a measured IN THE EARLY 2000s. 180 Peachtree in Atlanta, approach for us to enter this new market, as we were Georgia, the US. able to leverage the Sponsor’s presence in the US,” explains Mr Tham. All 14 data centres are sited on freehold land1, with a total net lettable area of approximately 214,000 sqm. They are primarily leased to tenants on a core-and-shell basis with triple net leases, whereby all outgoings are borne by the tenants, thus minimising MIT’s capital expenditure commitments as well as its leasing and operational risks. Another attractive attribute of this portfolio acquisition is the long-term leases with built-in rental escalations. Furthermore, the location of the properties in both established and secondary data centre cities will allow MIT to establish a sizeable presence in the US and be well-positioned for future growth opportunities. The properties are occupied by high-quality tenants from diverse industries like telecommunications, IT and financial services, including some Fortune Global 500 corporations and US-listed companies. Among them is MIT’s existing tenant, Equinix, at the multi-tenant data centre at 180 Peachtree in downtown Atlanta.

A POSITIVE OUTLOOK MIT will also continue to look for income- Looking ahead, the Group anticipates exponential producing data centre investments globally, including growth in data traffic with the advent of 5G wireless the established data centre markets in the Asia-Pacific networks and the rise of the mobile workforce. and Europe. “We envisage overseas data centres Businesses are also becoming more concerned with to comprise up to 20 per cent of MIT’s aggregate the need for geographic diversity in data centre value of assets under management,” says Mr Tham. operations — not just to store data closer to end-users “Our investment focus will remain in Singapore while for lower latency, but also to provide a back-up option we rely on our Sponsor, Mapletree Investments’ should a natural disaster or terrorist attack occur. extensive network and capabilities to evaluate Hence, growth prospects for global data centre space suitable investment opportunities in the global data remain strong. centre markets.”

1 All properties are sited on freehold land, except for the parking deck (150 Carnegie Way) at 180 Peachtree, Atlanta. As at 31 March 2019, the parking deck

Photos: Mapletree Investments Investments Photos: Mapletree has a remaining land lease tenure of approximately 36.7 years, with an option to renew for an additional 40 years.

9 INSIDER LONG SERVICE STAFF

IN IT FOR THE LONG HAUL Long-serving staff Mr Yu Lai Bee shares his reasons for staying put with Mapletree for close to five decades.

WHAT MAKES AN EMPLOYEE STAY LOYAL to the same company for 45 years? According to Mr Yu Lai Bee, it all boils down to an interest in his job and a belief in the company he works for. Lai Bee started his career as a Technical Officer (Civil Engineering) in the Construction and You began your career at as a Technical Officer Maintenance Department at the former Port of (Civil Engineering). What did your role entail? Singapore Authority (PSA). Thereafter, he progressed Primarily, my job involved the supervision of major to become a Higher Technical Officer in the Property project works, such as pre-stressed flatted factories, cold Department within PSA. With the incorporation of storage buildings, warehouses and the PSA Building. At Mapletree in year 2000, Lai Bee was seconded to the a later stage, I moved into property management work. firm due to his background in property management. Today, the 67-year-old grandfather of three and qi gong Tell us more about your property management enthusiast is still working at Mapletree, carrying out his experience. duties as a Manager in Property Management, Logistics. I managed the PSA Building from the time it was built “When I first joined the company, Mapletree in 1986. In 2009, I was transferred to Mapletree Logistics had only about 300 staff and a handful of properties. Trust (MLT) and took on the role of Manager, Property Today, the company has grown and expanded its real Management, Logistics, where I took care of all the estate footprint not only in Singapore, but also in the MLT properties in Singapore — about 54 in total then United States, Europe, Australia, China, Hong Kong — with a team of eight executives and six to eight SAR, India, Japan, South Korea and South East Asia,” technicians. Currently, I am involved in the property says Lai Bee. management work for MLT properties in Malaysia. In a way, Lai Bee had grown with the company. Asked what he appreciates most about his employer, How many MLT properties in Malaysia are under he replies, “I like that the company values my your supervision? contributions, provides strong growth prospects and I take care of three clusters of Single User Asset has a good reputation in the industry.” properties, totalling 12 properties. I also oversee three Multi-Tenanted Properties. All these properties are spread across Johor Bahru and Kuala Lumpur, and I Top: Mr Yu Lai Bee, who has been with Mapletree for 45 years, has seen the company grow from a staff strength of about 300 to over 3,400. travel to Malaysia at least once a month for work.

10 TRAITS OF A GOOD PROPERTY MANAGER • Able to keep staff motivated so they will give Please share what a property manager’s their best at work job involves. A property manager’s job involves mainly • Be a good organiser coordination work, such as checking and • Possesses good communication skills endorsing of work plans or schedules of service contracts, and ensuring the company’s Standard • Able to troubleshoot problems and help teams Operating Procedure and Delegation of Authority collaborate where necessary are carried out in compliance. Adherence to these procedures is important so as to increase a company’s productivity, develop targets and ensure compliance with laws and regulations. through attending various courses and workshops. A property manager also conducts meetings, For instance, the Fire Safety Course I attended both in the office and on site at the properties, enhances my role as a Fire Safety Manager. with contractors and tenants, and ensures that the implementation of contracts are in compliance with What advice do you have for young people the scope of work and procurement process. who are just starting out in the work force? Always be patient and be prepared to work hard What are some of the challenges faced by a while you are still young. property manager? Encountering difficult tenants or contractors. What is the most important lesson you have Aik Chen Managing manpower issues is another challenge. learnt in all your years with the company?

Photo: Take pride in your work, and uphold honesty How do you deal with job stress? and integrity. I believe in effective time management, and by eating healthily and getting sufficient sleep every night. What is your usual response to people who express amazement that you How do you connect with the younger members have stayed with the in your team, especially those who have just same company for so joined the workforce? many years? I listen and respond to their needs and always ask for Be contented, happy their opinions. I also engage in frequent small talk and stay optimistic. and lunch occasionally with them in order to build the rapport within the team. Mr Yu Lai Bee (right) receiving a 25-year long service award How has Mapletree supported you in the when he was at the former PSA. advancement of your career? I appreciate how the company has helped support work-life balance, ensuring I have adequate time to spend with my family — even during periods when the workload is heavy. Moreover, the company constantly provides complimentary entry tickets to places of interest such as the Singapore Zoo, Night Safari, I appreciate how the company Jurong Bird Park and Science Centre Singapore, which makes family outings fun and easy to organise. has helped support work- Other ways the company has supported my career include giving me the opportunity to take on more life balance, ensuring I have responsibilities and accountability in my job. adequate time to spend with my Looking back at your long years of service, what were some of the key highlights? family — even during periods I am happy that the company is one that recognises my contributions at work. They have rewarded me when the workload is heavy. not only with career progression but also monetarily. Mr Yu Lai Bee, I am also grateful that the company has given me Manager, Property Management, the opportunity to further enhance my knowledge Logistics

11 TREND CHINA RESIDENTIAL MARKET SHINING

King’s Place at Nanhai Business City in Foshan comprises 23 blocks of residential towers with 2,600 apartments.

12 AMID THE GLOOM

Mapletree’s China residential THE CHINESE GOVERNMENT’S EFFORTS to stimulate the economy amid slowing growth properties in Foshan and Ningbo and ongoing trade tensions with the United States have rippled down to the country’s real estate are benefitting from a wave of market. Home builders reported stronger sales in optimism sweeping the market. March this year — after having contracted in the previous two months — on the back of relaxed financing conditions, lower interest rates and fewer restrictions on buying homes. China’s largest metropolises registered the biggest gains. Sales in Tier 1 cities — Beijing, Shanghai, Guangzhou and Shenzhen — surged some 48 per cent in March year-on- year (y-o-y), according to the China Real Estate Information Corp. The strong demand has translated into rising prices. Average new home prices in China’s 70 major cities rose 10.7 per cent in April y-o-y, according to Reuters’ calculation of data released by the National Bureau of Statistics in May. The Chinese government’s push earlier this year to encourage citizens living in rural regions to move to urban areas is also likely to further fuel demand for residential properties.

TIER 2 CITIES TO TAKE CENTRESTAGE While Tier 1 cities have traditionally been the key drivers of the country’s economy and real estate market, more growth opportunities are emerging in large cities outside of the Big Four (Beijing, Shanghai, Guangzhou and Shenzhen). Analysts expect second and third-tier cities to take over as engines of China’s economic growth in the long run. Foshan in Guangdong Province and Ningbo in Zhejiang Province are examples of Tier 2 cities that sit among this fast-growing group of urban centres, and are benefitting from the property market’s revival in 2019. Photo: Mapletree Investments Photo: Mapletree

Completed in 2018, King’s Place KING’S PLACE (Nanhai Business City Phase 4) No 1 Foping Si Road, comprises 23 blocks of residential towers with 2,600 apartments. Guicheng Street, Nanhai District, Residents are able to benefit from Foshan, Guangdong Province NBC’s range of basic and business Gross Floor Area: 450,000 sqm facilities, as well as commercial and educational zones.

13 TREND CHINA RESIDENTIAL MARKET

MAYFAIR No 8 Shilong South Road, Guicheng Street, Nanhai District, Foshan, Guangdong Province Gross Floor Area: 287,000 sqm

Mayfair, the residential component of Nanhai Business City Phase 1, which was completed in 2015, comprises 20 blocks of high-rise towers. With a gross floor area (GFA) of 287,000 sqm and offering almost 2,900 exclusive apartments, it is complete with a comprehensive range of recreational facilities, FOSHAN: PART OF THE GREATER BAY AREA such as a business centre, indoor and outdoor Mayfair and King’s Place, together with VivoCity Nanhai and other swimming pools and a office components, form the 42-hectare (ha) [420,000 square metres multi-functional sports hall. (sqm)] mixed-use development, known as Nanhai Business City (NBC). NBC also boasts an education zone comprising international educational institutions from kindergarten to tertiary levels. These include the Mapletree Training & Development Center (a partnership between Mapletree and the National University of Singapore Business School) and the Foshan Etonhouse International School. Strategically located in Foshan, close to the industrial As the first real estate powerhouse of Guangzhou, NBC enjoys good accessibility to the Qiandenghu Financial Centre and Foshan downtown, and is development project in barely 40 minutes’ drive from the Guangzhou East Train Station and the Guangzhou Central Business District, and an hour’s drive Ningbo, Mapletree has from the Guangzhou Airport and the Nansha Port. Foshan is also part of the Pearl River Delta and Guangdong- always emphasised that what Hong Kong-Macau Greater Bay Area (GBA) metropolis. The GBA plan is the Chinese government’s ongoing effort to integrate we bring to the owners is Hong Kong and Macau with nine Mainland China cities in Guangdong province to create a cluster of world-class cities. not just a house, but a warm, This plan is targeted to boost collaboration of the entire region healthy and fashionable by 2022, and by 2035, the region would achieve an economic system largely driven by innovation. international lifestyle. . In 2018, Foshan was ranked second among cities in the GBA for commercial and residential land transactions. As the Mr Andrew Tan, third-largest city in Guangdong Province, the city’s real estate General Manager, Ningbo Junfeng market is expected to benefit from the area’s development as Real Estate Development, China, a high-tech manufacturing centre as part of the GBA plan in a subsidiary of Mapletree the coming years.

14 MAPLETREE NINGBO NINGBO: A MAJOR PORT CITY MIXED-USE DEVELOPMENT Located a few hours’ drive from Shanghai, the key port of Jiangbei District, Ningbo Ningbo is a major exporter of electrical products, textiles, Gross Floor Area: 207,000 sqm food and industrial tools. Ningbo has attracted significant foreign investment due to several development zones — including Ningbo Economic and Technological Development Mapletree Ningbo Mixed-Use Development Project Zone and Ningbo Free Trade Zone — that are located in spans 8.5 ha (approximately 85,000 sqm) and and around the city. comprises a mall, 13 residential blocks with a total Ningbo’s real estate market has shown strong growth GFA of around 105,000 sqm, street shops and a since the start of the year, with volume for the first five medical centre. The project is located in the Jiangbei months of 2019 higher than that of 2018. Demand for district, an area earmarked as the new CBD. residential properties has increased in the core city area, even as a shortage in supply of new homes persists. This has led to prices in the urban area rising to RMB25,000 (approximately Ningbo Mixed-Use Development also benefits from a S$4,961) per square metre (sqm), a 10 per cent increase y-o-y. convenient road network and airport viaduct that are just “Based on the current situation, we are expecting a 1 kilometre away. The project is a 30-minute drive from the steady rise in average selling price in the second half of airport, train station and bus transportation hub, and near 2019,” says Andrew Tan, General Manager, Ningbo Junfeng two metro train lines. Meanwhile, prominent public and Real Estate Development, China, a subsidiary of Mapletree. private schools such as the Affiliated Primary & Secondary In Ningbo, Mapletree is the developer of the Ningbo School of Ningbo University and Qing Teng Academy Mixed-Use Development — which comprises the residential are nearby. component of Viva Costa, a family-oriented shopping mall “As the developer of the first real estate development VivoSquare, and a women’s and children’s hospital. project in Ningbo, Mapletree has always emphasised The property is located in the Ningbo Jiangbei District, that what we bring to the owners is not just a house, but which has been earmarked as the city’s new central business a warm, healthy and fashionable international lifestyle,” district. It is close to a 140,000-sqm riverside sports park says Andrew. The project’s occupancy permit will be

Photos: Mapletree Investments Photos: Mapletree and a 130-ha (1.3 million-sqm) Olympic sports centre. obtained in June 2019.

VIVA COSTA Jiangbei District, Ningbo Gross Floor Area: 105,440 sqm

Viva Costa, the residential component of Mapletree Ningbo Mixed-Use Development, comprises 13 blocks of high-rise towers, complemented with street shops of an approximate GFA of 15,000 sqm near the residential space. As at 31 March 2019, nine residential blocks have been launched for sale since July 2016 and 88 per cent of the GFA has been sold.

15 SPACES GLOBAL INFOCITY PARK CHENNAI

HOME TO MORE PEOPLE THAN demand for modern and world-class occupancy mix reflects the diversity Singapore and Kuala Lumpur combined, office space in the city. of Chennai’s economy — tech giants the Indian city of Chennai has long Enter Global Infocity Park Chennai like Amazon and IBM operate here been the economic gateway to the (Global Infocity), Mapletree’s largest alongside financial institutions country’s southern region. Nearly acquisition in India to date. The such as HSBC and BNP Paribas. three decades after the liberalisation sprawling site offers approximately Organisations like the World Bank of India’s markets, Chennai’s economy 252,000 square metres (sqm) of also have offices at the development. continues to boom, with a projected leasable space spread across three “With a Weighted Average Lease annual gross domestic product growth towers. 76 tenants have snapped Expiry of approximately 5.7 years, of 8.17 per cent between 2019 and up the space, with Global Infocity we are excited by the acquisition 2035. This anticipated boom has raised currently leased at 99 per cent. Its of this stable asset,” says Mr Quek Kwang Meng, Mapletree’s Regional Chief Executive Officer, India. CUTTING-EDGE India’s sixth-largest city is benefitting from the standout connectivity and CHENNAI eco-friendly features of Global Infocity Park Chennai.

GLOBAL INFOCITY PARK CHENNAI Global Infocity Park, Plot No. 40, MGR Salai, Kandancavadi, Perungudi, Chennai, Tamil Nadu 600096 Net lettable area: 252,403 sqm

16 DID YOU KNOW? Global Infocity is not the only Mapletree property in southern INDIA India. In 2011, the Group acquired Global Technology Park, a CHENNAI EXPRESS 5.3-hectare IT park in Bengaluru, BENGALURU CHENNAI Fast facts about one of southern India’s most bustling cities: another southern metropolis. Spanning five office towers and • Home to 8.7 million people developed over two phases, Global • Also known as the Detroit of India, since more than Technology Park was completed one-third of India’s automobile industry is based here in October 2017, which marked • Its film industry, known as Kollywood, grosses more Mapletree’s first foray into India. than S$800 million annually

SOURCE: Government of India statistics

CONNECTIVITY MATTERS It is easy to see the appeal of Global

Photos: Mapletree Investments Photos: Mapletree Infocity: its location along Old Mahabalipuram Road is prime. A third of Chennai’s Grade A office supply can be found along and around this six-lane road, dubbed the city’s key IT corridor. Old Mahabalipuram Road is also a major transport artery that links the city centre with the park in under 30 minutes. Plans are afoot to expand this connectivity further, with a four-lane flyover in the works. Authorities have also embarked The property offers approximately 252,000 sqm on road-widening projects to ease a rooftop solar panel and organic of leasable space, spread across three towers. congestion. For those who prefer waste converters. Moreover, Global public transport, there is an air- Infocity is fitted with a rainwater conditioned and WiFi-enabled feeder harvesting system, which makes the service between the nearest metro most of Chennai’s plentiful rainfall. station and Global Infocity. These features helped the park But it is not just excellent achieve the Leadership in Energy external connectivity that Global and Environment Design (LEED) Infocity boasts — its 76 tenants Gold pre-certification, as well enjoy seamless internal connectivity as the LEED Platinum certification as well, since each of its three for operations and maintenance. 13-storey structures are linked. The global honour recognises These connect tenants to one a development’s environmental another, as well as to Global responsibility and efficient use of Infocity’s many amenities, including resources. There are plans to raise a salon and spa, a pharmacy Global Infocity’s green mark and and a day-care centre. Given the world-class standards higher. For multicultural mix of tenants, the instance, Mapletree aims to use park’s food courts serve up local and clean energy to power the site, in international gastronomic delights. an effort to promote sustainability. Other development plans in the GOAL GREEN works include painting of the Having so many amenities does not buildings’ facade and upgrading mean green spaces in the business the common area. Coupled with park are compromised. In fact, Global enhanced fire protection features Infocity boasts approximately 5,000 and a new facelift for the park’s sqm of open landscaped spaces. reception areas, Global Infocity has These eco-friendly features include much to offer its tenants.

17 DESTINATION THE UNITED STATES

Above: The Cloud Gate sculpture is the centrepiece of the Millennium Park HOMES AWAY in Chicago. Travelling to the United States for FROM HOME work and looking THE CHICAGO DEPARTMENT OF Finding a home away from home is Aviation estimates that every day, flights important for those who are relocating for a place to stay? from some 62 global destinations land to, or enjoying an extended stay at, Oakwood’s serviced at the Windy City’s O’Hare International these two cities. That is where two new Airport. Meanwhile, the Washington Mapletree acquisitions come in. and furnished Dulles International Airport links 47 The first, the Oakwood Chicago international cities with Washington, D.C., River North, is located in the heart of apartments have the capital of the United States (US). Chicago’s River North neighbourhood. Passengers from all around the world The second, Oakwood Arlington, is just what you stream into these two cities, drawn located in Northern Virginia’s bustling need — comfort, to their history, culture and vibrant Rosslyn district. Announced in January economies — the US Bureau of Economic this year, these acquisitions expand accessibility and Analysis lists Chicago’s metropolitan Mapletree’s corporate housing and economy as the third-largest in the US in serviced apartment footprint in the US, nearby attractions. 2017, behind that of New York City and and will cater to those who want to be a Los Angeles. Washington, D.C. and its part of the booming American economy, surrounding metropolitan area are not far which grew by nearly three per cent behind, coming in fifth. last year. 18 WORK MADE EASY Oakwood Chicago River North fits in nicely with Chicago’s excellent walkability — its location puts it within walking distance of several top corporations. For instance, the corporate office of US aircraft giant Boeing is just a 15-minute walk away from the property. Then there is the recently expanded Amazon office, which houses some 400 employees from the e-commerce giant’s advertising, operations and sales teams. Explaining the decision to set up shop in Chicago, Amazon’s commercial sales lead Ms Samantha Singer said, “The talent here is absolutely amazing. Building, scaling and growing this business has been really fun. We know that Chicagoans are a great fit for Amazon.” Meanwhile, Oakwood Arlington’s proximity to key American state properties such as the Pentagon, Capitol Building and White House is a major plus for contractors of the US government. Walk three blocks to Rosslyn Metro Station and connect to the country’s capital in just one stop, or reach these sites within 15 minutes via car.

Above: Key US government buildings are easily accessible from Oakwood Chicago River North.

Left: The distinctive Chicago Theatre marquee serves as an unofficial emblem of the city, appearing frequently in movies, television, artwork and photography.

Both Oakwood Chicago River North and Oakwood Arlington are a stone’s throw away from vibrant cultural districts, ensuring that there is never a dull day for guests and residents. Culture vultures will enjoy an evening at one of the many cultural attractions scattered near Oakwood Chicago River North, such as the Chicago Theatre (175 N State St, Chicago, msg.com) and Chicago Cultural Center (78 E Washington St, Chicago, chicagoculturalcenter.org). The 188-unit Oakwood Chicago Similar cultural attractions can also be River North offers a luxurious furnished found near Oakwood Arlington, among apartment experience — as well as them the John F. Kennedy Center for unfurnished leases of nine months the Performing Arts (2700 F St, NW, or more — in one of Chicago’s most Washington, D.C., kennedy-center.org). vibrant, in-demand neighbourhoods. As A must-watch here are the regular concerts the 184-unit Oakwood Arlington is well- by the National Symphony Orchestra, connected to downtown Washington, which is lauded for its versatile repertoire D.C., long commutes to and fro that includes pop standards. meetings are a thing of the past.

SOAK IN THE SIGHTS Given the numerous heritage and cultural attractions in these two cities, sightseeing becomes a definite must-do.

OAKWOOD CHICAGO RIVER NORTH 220 West Illinois Street, Chicago, Illinois 60654, USA OakwoodChicagoRiverNorth.com The John F. Kennedy Center for

Photos: Oakwood, Shutterstock Shutterstock Photos: Oakwood, the Performing Arts is America’s premier performing arts centre. 19 DESTINATION THE UNITED STATES

The Buckingham Fountain in Grant Park is located within the city’s central business district. Other attractions include the Millennium Park, the Art Institute of Chicago and the Museum Campus.

MEET SUE No visit to Chicago would be complete without an afternoon at The Field Museum (1400 S Lake Shore Dr, Chicago, fieldmuseum.org), one of the world’s largest natural history museums. The museum’s star attraction is Sue, the biggest and most complete Tyrannosaurus Rex skeleton discovered to date. Unearthed in 1990, it holds the distinction of being the most expensive dinosaur fossil after it was purchased for US$8.3 million (S$11.4 million) HISTORY AND HIGH FASHION given Mr Obama’s personal history with in 1997. Other must-see exhibits Visitors to Chicago will find that the city his adopted hometown. include those at the ancient Egyptian is not just famous for its deep-dish pizza; In fact, the Obamas still have a wing, which features an impressive it also offers various slices of history. An home in Chicago and are known to example of this is Grant Park (Columbus frequent Spiaggia (980 N Michigan Ave, mummy collection. Drive, Chicago, chicagoparkdistrict. 2/F, Suite 1, Chicago, spiaggiarestaurant. com). It was from this green space com), an upscale Italian restaurant on overlooking Lake Michigan that former Michigan Avenue. This was reportedly American President Barack Obama the first place that the couple dined at delivered his victory speech after after their election victory. sweeping to power in 2008. That remains If it is retail therapy that you seek a proud moment for many Chicagoans, in Arlington, head to Market Common

Right: Community amenities include a resident’s lounge on the 25th floor. Below (left): Oakwood Chicago River North offers a variety of flexible, one- and two-bedroom configurations.

20 OAKWOOD ARLINGTON 1550 Clarendon Blvd, Arlington, Virginia 22209, USA Oakwood Arlington’s units are fully furnished, which offer www.oakwood.com business professionals, individual travellers and long-term residents a spacious, comfortable apartment-stay experience.

Clarendon (2800 Clarendon Blvd, Arlington, marketcommonclarendon. com) an outdoor shopping mall with CAPITAL CUISINE Washington, D.C. might be better known entertainment and dining options located WALK THIS WAY for its landmarks than its food, but do not close to Oakwood Arlington. There is As city dwellers become be fooled — there are some presidential also Fashion Centre at Pentagon City increasingly conscious of their carbon must-eats when in the city’s metropolitan (1100 S Hayes St, Arlington, simon.com). footprint, demand for properties area (which includes Arlington): This stylish four-storey mall boasts both within walking distance of offices is global and local tenants. For a unique growing. Both Oakwood Chicago River Breakfast: Enjoy a experience, stop by Arlington’s Columbia North and Oakwood Arlington shine in farm-to-table experience at Founding Farmers Pike Thrift Shop (4101 Columbia Pike, this metric, with each boasting a Walk (1924 Pennsylvania Ave, Arlington) and pick up vintage jackets Score® of 95. Walk Score is a service that measures the walkability NW Washington, D.C., and memorabilia. It is your way of taking wearefoundingfarmers. home a piece of the city that sees so much of addresses across the United States. com). Be sure to try history made at its doorstep. the Chicken & Waffles, served with a side of Below: Fashion Centre at Pentagon City offers a world-class shopping experience with over 170 stores and restaurants. scrambled eggs and gravy.

Lunch: For your midday meal, pop by Lincoln’s Waffle Shop (504 10 th St NW, Washington, D.C., lincolnswaffleshop.com), just minutes from the White House. This presidential favourite whips up a variety of waffles, but the must-have item is a steak topped with a special ginger brown sauce.

Dinner: Sample famed Spanish chef José Andres’ brand of modern Spanish cuisine at Jaleo Crystal City (2250 Crystal Dr A, Arlington, jaleo.com). Just a 10-minute drive from Oakwood Arlington, this eatery serves some of the best tapas,

Photos: Oakwood, Shutterstock Shutterstock Photos: Oakwood, paellas and sangrias in the US. A perfect way to end your capital adventure. 21 17-Mapletree Ad.indd 22 7/4/19 1:42 PM BULLETIN PLEASING TO THE PALATE

MORE NEW EATERIES AT VIVOCITY, SINGAPORE AND HARBOURFRONT CENTRE TO SATISFY EVERY VISITOR’S CRAVING.

Customers can portion their bakes at a bread-slicing station.

Photos: Together Inc. Together Photos: TEATIME TREATS Above: Nayuki's selection of cheese teas and soft-euro bakes. Tea drinking, an integral part of many cultures, Right: The slim cup is designed to suit “delicate Asian hands”. is given a contemporary twist at Nayuki. Have your tea blended with fresh fruits and topped with cheese foam or infused with pearls, and enjoy it with soft European-style breads. With about 200 stores in mainland China, the Chinese artisanal tea bakery's VivoCity outlet is its  rst overseas store. First-timers should start off their Nayuki experience with the 2017 Taiwan Winter Tea Competition winner, the Cheese Ali Mountain Dew Tea. Alishan tea buds, picked before sunrise to maintain their natural sweetness, are roasted at a low temperature for 40 hours to bring out their  oral scent.

Nayuki #01-207 VivoCity, 1 HarbourFront Walk, Singapore 098585 Opens daily: 11am to 10pm

23

23-30 Bulletin V5.indd 23 7/9/19 2:58 PM 24 BULLETIN HERITAGE CUISINE Opens daily: Singapore #02- Song Fa cablecarskynetwork.the nearby HarbourFront Tower stopson isoneofthe seats—areminderconverted tobooth the that 100-seater restaurant features arow ofcablecars for three yearsfrom consecutive 2016to2018. has alsobeenawarded BibGourmand Michelin the region. inthe 14outlets and another Therestaurant inSingaporeSong Fahasexpandedto10outlets Garden Tea refreshing Honeyisanother with option. oolong,tochoosefrom.osmanthus TheicedKing’s jasmineand oftealeaves,including aselection with teh experiencebybrewing yourownChinesetea, beancurd bakkut skin).Completeyourauthentic ngoh hiang(five-spicepork wrappedwithrolls pig’s trotter, vegetablesandhomemade salted fishsoup,braisedhot favouritesincludesliced pork ribssoupandprimespare ribssoup,other Song Fa atHarbourFront Centre. Besidespeppery Craving Teochew bakkutteh?Maketracksfor In atributetoitsHarbourfront the location, Since itshumblepushcartbeginningsin1969, HarbourFront outlet. Spices isavailableat the Song Fa BakKut Teh 74/75 HarbourFront Centre, Square, 1Maritime 099253 10.30am to9.30pm Left: Above: The pepperyporkribssoupisahitwithboth locals andtourists. Song Fa's HarbourFront 10outlets in Singapore. outletisoneof with braised pig'strotter Enjoy your and othersidedishes. bak kut teh kut bak

Photos: Song Fa

ACROSS-THE-CAUSEWAY DELIGHTS Diners do not need to travel far for mouth-watering Malaysian street food. At PappaRich Select, you can savour dishes prepared using traditional Malaysian recipes and carefully sourced ingredients. The best-selling nasi lemak comes with a variety of accompaniments: choose from curry chicken, beef rendang or a secret-recipe fried chicken. With side dishes, such as sambal squid and fried anchovies, and a sambal sauce made with over 20 herbs and spices, you have got yourself a hearty tummy-filler. Another winner is the Kuala Lumpur-style Hokkien mee, featuring Malaysian-style thick yellow noodles coated with savoury sauce, prawns, chicken, fish cake and vegetables. You can also fuel up on Penang fried kway teow, whipped up with a special-recipe soy sauce, prawns sautéed in garlic, crunchy chives and other condiments to deliver a smoky-flavoured dish.

Photos: PappaRich Group Singapore Group Photos: PappaRich PappaRich Select Above (top to bottom): PappaRich's toast set; #01-45/46 HarbourFront Centre, 1 Maritime Square, Singapore 099253 the best-selling nasi lemak; and freshly-squeezed fruit juices. Opens daily: 8am to 10pm Below: KL Hokkien mee.

25 BULLETIN Photos: Alijiang

Above: Alijiang features SILK ROAD SURPRISE bright colours on the walls and furniture, The next time you plan a corporate lunch or family as well as bold lamp shades and fixtures. dinner, set your sights on Alijiang. Like its lush and Left: The Imperial exotically coloured interiors, the menu is designed to Peking Duck is one of a number of Southern impress. The Southern Chinese cuisine is inspired by the Chinese dishes available Silk Road, with specialties like the Alijiang Grilled Lamb at the restaurant. in Cage, Alijiang Pepper Cane Chicken and Serindia Homemade ‘Niang’ Noodle. Have an Instagram moment when you order the artfully presented Squirrel Fish. Other dishes to whet your appetite include the Imperial Peking Duck, BBQ Mutton Stick, Sautéed Cabbage With Crispy Pancake and Xinjiang Fried Roasted Beef Bun. Wash it down with a refreshing jug of homemade Li Guang Apricot Tea. The restaurant’s alfresco area overlooks the waterfront, making it an ideal venue for a romantic dinner date. Private dining rooms are also available if you need privacy. Other delectable offerings include Alijiang the Alijiang Grilled Lamb in Cage (left) and #03-11 VivoCity, 1 HarbourFront Walk, Singapore 098585 the Silk Road Treasury Opens daily: 11.30am to 3pm; 5.30pm to 10pm Bowl (below).

26 Go-Ang Pratunam Chicken Rice is served with Thai- style chilli sauce.

The restaurant also serves non-poultry dishes such as steamed sea bass with chilli, lime and garlic, and fried tofu with Thai sweet chilli sauce. Photos: Minor Food Group Singapore Group Photos: Minor Food RICE THROUGH THE RANKS If you are a Hainanese chicken rice fan, you will love the Thai version at Go-Ang Pratunam Chicken Rice — which is less oily and eaten with homemade Thai-style chilli sauce. The casual food stall has been a hit with Thais since it served its first plate of aromatic chicken rice in 1960 in the Pratunam district of Bangkok. And for two years consecutive (2018 and 2019), Go-Ang Pratunam Chicken Rice picked up the prestigious Bib Gourmand Award in the Bangkok edition of the To re-create the taste Michelin Guide. for Singapore, a breed Indulge in a full dining experience by having of chicken is specially imported from your chicken rice with an assortment of dishes. Malaysia to make the These include chai poh (preserved radish) omelette, poached chicken. steamed sea bass with chilli, lime and garlic, and fried tofu with Thai sweet chilli sauce, as well as double-boiled soups. End on a sweet note with its house signature, Thai chendol, or steamed tapioca with coconut cream.

Go-Ang Pratunam Chicken Rice #B2-30 VivoCity, 1 HarbourFront Walk, Singapore 098585 Opens daily: 11am to 10pm

27 BULLETIN Artist’s impression of V Plaza (centre, behind SC VivoCity) when fully completed in 2023. Oakwood Residence Saigon (far right) is the first Mapletree- developed serviced apartment in Vietnam.

EXPANDING SOUTH Mapletree continues to grow its footprint REACH FOR THE SKY in Ho Chi Minh City, Vietnam, with the Offering 66,000 square metres net lettable area of office space, V Plaza upcoming V Plaza and the newly opened will be able to cater to the demands Oakwood Residence Saigon. of local and international companies in e-commerce/IT, banking and financial HO CHI MINH CITY’S DISTRICT 7, the unveiling, including Guest-of-Honour services, as well as manufacturing.

located in the south of Vietnam’s then Deputy Prime Minister (DPM) of Investments Photos: Mapletree business and financial hub, will welcome the Republic of Singapore, Mr Teo its largest office complex V Plaza when Chee Hean; Chairman of Ho Chi Minh JSC (SCID), Mr Diep Dung. SCID is the the building completes in 2023. City People’s Committee, the Socialist co-developer of V Plaza. The design of the Grade A office's Republic of Vietnam, Mr Nguyen In a separate ceremony on the 27-storey twin towers was unveiled at Thanh Phong; Chairman of Mapletree, same day, Mapletree officially opened a ceremony in Ho Chi Minh City on 25 Mr Edmund Cheng; and Chairman of Oakwood Residence Saigon, the first March 2019. About 160 guests witnessed Saigon Co.op Investment Development Mapletree-developed serviced apartment in Vietnam. DPM Teo, Mr Nguyen and Mr Cheng unveiled a commemorative plaque to officiate the opening and toured the 30-storey building. The property, which had its soft opening in April 2018, offers 237 fully furnished serviced apartments, ranging from studio to three-bedroom units. Premium amenities include multi- function meeting rooms, a restaurant, a fitness centre, a swimming pool and a children’s playground. All in, lifestyle shopping mall SC VivoCity, Grade A office building Mapletree Business Centre, high-rise condominium RichLane Residences, From left: Member of Parliament, Mr Henry Kwek; Consul-General in Ho Chi Minh City, Ms Leow Siu Lin; Member of Parliament, Mr ; Executive Director and Group Chief Executive Officer of Mapletree, Mr Hiew Yoon Khong; serviced apartment Oakwood Chairman of Ho Chi Minh City People’s Committee, the Socialist Republic of Vietnam, Mr Nguyen Thanh Phong; Residence Saigon and the upcoming then Deputy Prime Minister of Singapore, Mr and Mrs Teo; Ambassador to the Socialist Republic of V Plaza are part of Saigon South Place, 28 Vietnam, Ms Catherine Wong; Chairman of Mapletree, Mr Edmund Cheng; Regional Chief Executive Officer of Mapletree, South East Asia, Ms Wendy Koh; and Deputy Group Chief Executive Officer of Mapletree, Mr Chua Tiow Chye. Mr Paul Ma (top row, centre) and Mr Wan Kwong Weng, Group Chief Corporate Officer of Mapletree (top row, far right), with the student recipients of the Mapletree EduAward.

FOR THE RECORD Last year saw 72 recipients — the highest number of students receiving the Mapletree EduAward since it was launched in November 2016.

Artisanal soaps by Faire were MAPLETREE EDUCATION AWARD presented to guests. CHILDREN OF MAPLETREE EMPLOYEES who excelled in their academic pursuits in 2018 were recognised for their efforts at the Mapletree Education Award (EduAward) Presentation Ceremony. Each recipient received a certificate, a cheque and a pair of Singapore Science Centre Omni-Theatre tickets to catch a digital movie on Southeast Asia’s first 8K 3D digital dome screen. Held on 22 March 2019 at Mapletree Business City Town Hall, the ceremony was attended by Guest-of-Honour Mr Paul Ma, Director of Mapletree Investments Pte Ltd Board and Member of Mapletree’s Audit & Risk Committee, Executive Resource and Compensation Committee, as well as Investment Committee. Mr Ma is also the Non-Executive Chairman of Mapletree North Asia Commercial Trust Management Ltd. a 4.4-hectare integrated development, developed by Mapletree. “Having successfully transformed the HarbourFront and Alexandra precincts in Singapore, Mapletree JOB WELL DONE! brought its expertise to Ho Chi Recognising good academic performance. Minh City and created a ‘Work, Live and Play’ environment at Saigon South Place. We are confident Saigon South Place will be a highly sought-after destination because of its proximity to the Central Business District, numerous international schools, and industrial zones, as well as the Saigon Exhibition and Mr Wong Mun Hoong, Convention Centre, providing Group Chief Financial one-stop convenience to those living Officer, (front row, 3rd from left), with and working nearby,” said Mapletree the Mapletree Award Chairman Mr Edmund Cheng. winners, Special Award winners and VIPs at At the event, each guest also the NYP Graduation received a box of artisanal soap, Ceremony. a project collaboration between Mapletree and Faire Soapworks MAPLETREE ACADEMIC ACHIEVEMENT PROGRAMME (Faire). These chemical-free soaps were produced from excess cows’ MAPLETREE’S GROUP CHIEF FINANCIAL OFFICER, Mr Wong Mun Hoong, milk sourced in Cu Chi Village in graced Nanyang Polytechnic’s (NYP) School of Business Management Graduation Vietnam. Apart from reducing Ceremony as Guest-of-Honour on 2 May 2019. NYP has been one of the Mapletree the wastage of excess milk, these Academic Achievement Programme (MAAP) recipients since its launch in 2015. The soaps help to uplift the Vietnamese MAAP recognises academic excellence by sponsoring selected diploma graduation book farmers’ income and better their prizes across the polytechnics. livelihood. Faire is co-founded by Mr Wong delivered a speech urging graduands to be agile and ready to adapt to a team of students from Singapore the changing environment. He also handed out the Mapletree Gold, Silver and Bronze Polytechnic and University of medals to three deserving recipients who had shown consistent outstanding academic Economics Ho Chi Minh City. performance in their Diploma programme. 29 BULLETIN SOLID PERFORMANCE Mapletree achieved a record net profit of shareholder funds tripled over the last 10 years, reflecting an approximate S$2.16 billion for Financial Year 2018/2019. S$10 billion increase. Other key highlights of the Group’s IT HAS BEEN ANOTHER GOOD YEAR accommodation sector with the second Five-Year Plan included the for Mapletree Investments Pte Ltd. acquisition of a 244-bed property in diversification into Europe and the US The Group announced a record net Norwich, the United Kingdom (UK), in with the expansion into the corporate profit of S$2.16 billion for Financial November 2018. housing/serviced apartment as well Year 2018/2019 (FY18/19), which ended Reinforced by the Group’s deeper as data centre sector. Mapletree also 31 March 2019. With a Return on Equity penetration into markets such as deepened its presence within Asia. of 15.3%, the robust numbers are a Australia, the US and Europe, assets Moving forward, Mr Hiew Yoon Khong, strong indicator that the Group is under management (AUM) increased Group Chief Executive Officer of effectively utilising its assets. by 20.3% to S$55.7 billion in FY18/19 Mapletree, said, “The Group will continue The second Five-Year Plan set by from S$46.3 billion in FY17/18. to focus on the disciplined execution Mapletree in FY13/14 ended on a high in The Group also grew its shareholder’s of its business model as a real estate FY18/19. Revenue and recurring PATMI* funds by S$6.3 billion over a five-year developer, investor, capital and property for the Group increased to S$3,948.1 period, from S$8.3 billion to S$14.6 manager to achieve high sustainable million and S$770.8 million respectively, billion as at 31 March 2019. In addition, returns in the third Five-Year Plan.” representing a year-on-year increase of 23.6% and 11.5% respectively. Return on Invested Equity rose to 10.4% Mapletree’s strong commitment and execution from 8.7% in FY17/18, attesting to the strong capabilities of the Group’s of its business model brought forth the benefits of execution of its business model. growing its business while maintaining consistently In other balance sheet highlights, FY18/19 marked the Group’s maiden high returns. We are delighted that earnings foray into the logistics market in Europe were boosted due to new income streams from and the United States (US) with the acquisition of an income-producing investments into new sectors and markets, organic portfolio of logistics assets from three growth of our same store assets, divestments by separate vendors. Mapletree also made further inroads into the student our private funds and asset revaluation gains. Mr Hiew Yoon Khong, Mapletree Group Chief Executive Officer

Above: 1089 E. Mill, San Bernadino, California is one of the distribution warehouses located in the US, with a net lettable area of 37,600 square metres. Left: Mapletree acquired a 244-bed student accommodation property in Norwich, UK, in November 2018. 30 * PATMI denotes net profit (after tax and non-controlling interests) attributable to Perpetual Securities Holders and Equity Holder of the Company. NETWORK ASSETS UNDER MANAGEMENT BY GEOGRAPHY

ABOUT MAPLETREE Mapletree is a leading real estate development, investment, capital and property management company headquartered in Singapore. 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 consistent and high returns across real estate asset classes. Mapletree currently manages four Singapore-listed real estate investment trusts (REITs) and six private equity real estate funds, which hold a diverse portfolio of assets in Asia Paci c, Europe, the United Kingdom (UK) and the United States (US). As at 31 March 2019, Mapletree owns and manages S$55.7 billion worth of of ce, retail, logistics, industrial, residential and lodging properties. The Group’s assets are located across 12 markets globally, namely Singapore, Australia, 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 of ces in these countries. 31

31_Mapping Network V2.indd 31 7/9/19 3:01 PM PAY IT FORWARD

Above (From L-R) Winning team of The Mapletree Challenge and their supporters, with judges Dr Reto Callegari (1st from left), Entrepreneur-in- Residence, SIT; Prof (2nd from left), Advisor, Office of the President, SIT; Guest-of-Honour Dr (8th from right), Senior Minister of State, Ministry of the Environment and Water Resources & Ministry of Health; WHERE IDEAS th Prof Tan Thiam Soon (5 from right), President, SIT; Mr Edmund Cheng (4th from right), Chairman, Mapletree; Ms Heng Yeow Khing (3rd from right), Mapletree CSR Board Committee Member; Mr Wan Kwong Weng (2nd from right), Group Chief Corporate Officer, Mapletree; and Ms Heng Sue Yuan (1st from TAKE FLIGHT right), Director, Corporate Communications, Mapletree. MAPLETREE AND THE SINGAPORE •  A pedal-powered scooter to replace less INSTITUTE OF TECHNOLOGY (SIT) held the cost-efficient electric scooters. first Mapletree Challenge, with more than •  An environmentally friendly method to 500 SIT students taking part in the seven- recycle used tires for road-paving. month-long campaign to test-bed their •  A cloud-based receipt invoicing system solutions based on real-world problems. for small and medium-sized enterprises to The Mapletree Challenge began in replace the “pen and paper” system. October 2018 with a series of masterclasses, Team Trolley, who came up with the trolley a forum discussion and a mentoring session concept, emerged champion, clinching the before culminating in the Grand Final at Mapletree Gold award and a S$5,000 cash prize. Mr Edmund Cheng, Mapletree Chairman, Mapletree Business City on 2 May 2019. Guest-of-Honour Dr Amy Khor, Senior Minister presenting a token of appreciation to of State, Ministry of the Environment and Water Guest-of-Honour, Dr Amy Khor, Senior Minister of State, Ministry of the Environment CREATIVITY AT WORK Resources & Ministry of Health, presented and Water Resources & Ministry of Health, At the Grand Final, six project teams prizes to the winners. while Prof Yaacob Ibrahim (1st from left), Advisor, Office of the President, SIT; presented their business ideas before a “Aligned to our support for education, it is Mr Wan Kwong Weng (2nd from left), panel of distinguished judges. our aim for The Mapletree Challenge to provide Mapletree Group Chief Corporate Officer; and Prof Tan Thiam Soon (2nd from right), Some of the ideas presented included: entrepreneurial students with a platform to test SIT’s President, looked on. •  A trolley to improve the working their ideas and showcase innovative solutions efficiencies of healthcare workers when which could be adapted into real-life scenarios,” changing and cleaning patients. said Mr Edmund Cheng, Chairman of Mapletree.

CREATIVE SPACE A registered charity and Institution of ALL Public Character, WRITE! Sing Lit Station AS PART OF MAPLETREE’S Corporate Social serves as a platform Responsibility arts pillar, the Group partnered with where readers Sing Lit Station to provide a sampling of Singaporean and writers meet. literature (also known as Sing Lit) to members of the It is supported by public via cloud printing. the National Arts To delve into the rich and evocative world of Council. For more Singaporean stories, simply stop by the Sing Lit Cloud information, scan printer at 20 East, Mapletree Business City (MBC) and the QR code: print out excerpts of quality prose. With more than 40 excerpts of local fiction and non-fiction works to choose from — all written in or translated into English — readers The Sing Lit Cloud standing printer, located can take away a slice of Singaporean writing, where at 20 East MBC, generates excerpts of Singapore fiction and non-fiction on-demand. settings and characters are enjoyably familiar. 32 Scan the QR Code to keep up to date with Mapletree Arts in the City events. WORK OF ART

Finalists explaining their artworks to Minister .

Overall Top 10 Winners at the TEN YOUNG ARTISTS WERE LAUDED for their Award Ceremony with (last row L-R) outstanding creative efforts at an award ceremony, Ms Amy Khoo, Vice-Principal, Arts, SOTA; Mr Sam Kok Weng, SOTA held at the School of the Arts (SOTA) on 22 March Board Member; Ms Heng Yeow Khing, 2019. The students had distinguished themselves at Mapletree CSR Board Committee Member; Mr Edmund Cheng, Chairman, the nationwide SOTA Primary 6 Art Competition 2019, Mapletree; Mr Loh Lik Peng, Chairman an arts outreach programme supported by Mapletree. of SOTA Board; Mr Wan Kwong Weng, Group Chief Corporate Officer, Mr Ong Ye Kung, Minister for Education, officiated Mapletree; and Mr Koh Wee Leong, the exhibition’s opening ceremony at VivoCity, Senior Vice President, Investment & Asset Management, Mapletree Singapore on 8 April 2019. Held over 12 days, the Commercial Trust Management. exhibition featured the works of all 50 finalists.

Minister Ong Ye Kung with a finalist and her family.

Mapletree’s Chairman Mr Edmund Cheng speaking with some of the finalists.

(Last row, from L-R): Mr Hiew Yoon Khong, Group Chief Executive Officer, Mapletree; Mr Edmund Cheng, Chairman, Mapletree; Mr Ong Ye Kung, Minister for Education; and Mrs Mary Seah, SOTA Principal, together with several finalists at the opening ceremony of the art exhibition in VivoCity. 33 Photos: Mapletree Investments, SOTA Visual Arts Faculty Arts Visual SOTA Investments, Photos: Mapletree PAY IT FORWARD A CHARITABLE IT MAY BE ABOUT skill, teamwork and fun when 14 teams representing different companies took to the pitch for the Mapletree Futsal Challenge. However, the GOAL ON THE BALL: Employees from ultimate aim of the two-day event that took place Mapletree doing their part at the in March and April 2019 at Mapletree Business Mapletree Futsal Challenge. City was to raise money for charity. The full-time score? A grand total of S$15,616, which benefitted Beyond Social Services and Boys’ Town.

Mr Edmund Cheng (left), Mapletree’s Chairman, and Ms June Koh (right), Cluster Director (Human Capital Cluster), IMDA, presenting the cheque to Mr Trevor Chan (centre), Boys’ Town’s Deputy Director, Community Partnerships & Social Enterprise.

Mr Kan Shik Lum, Mapletree CSR Board Committee Member (far left); Mr Edmund Cheng, Mapletree’s Chairman (2nd from right); and Mr Wan Kwong Weng, Mapletree’s Group Chief Corporate Officer (far right), with the winning team from Google.

GOAL THE DISTANCE: After several rounds of round robin matches, Henderson CC Youth Football Club was crowned youth champions of the Challenge. 34 SPACE FORRENT Looking for space in a Mapletree building? Find what you need here.

HONG KONG SAR HarbourFront Centre Mapletree Logistics Hub Tsing Yi 1 Maritime Square, Singapore 099253 DATA CENTRES 30 Tsing Yi Road, Tsing Yi, New Territories, Contact: Ashley Cheang Hong Kong SAR Phone: +65 6377 6178 Contact: Zann Toh THE UNITED STATES Email: [email protected] Phone: +852 6822 8919 Unit sizes: 35 – 3,271 sqm 180 Peachtree Email: [email protected] 180 Peachtree Street, Atlanta, GA 30303, Unit size: 5,512 sqm PSA Vista United States 20 Harbour Drive, Singapore 117612 Contact: Karlton Holston MALAYSIA Contact: Ashley Cheang Phone: +1 404 525 8190 Phone: +65 6377 6178 Email: [email protected] Mapletree Logistics Hub - Tanjung Pelepas Email: [email protected] Lot D40 and D44, Tanjung Pelepas Free Zone, Unit size: 2,230 sqm Unit sizes: 55 – 1,096 sqm Port of Tanjung Pelepas, Gelang Patah, Johor Contact: Jimmy Chia 1805 Center Park Drive THE UNITED STATES 1805 Center Park Drive, Charlotte, NC 28217, Phone: +65 9238 8047 United States Email: [email protected] 50 South Sixth Contact: Karlton Holston Unit sizes: 3,939 – 7,010 sqm 50 South Sixth Street, Minneapolis, Phone: +1 404 525 8190 MN 55402, United States Email: [email protected] SOUTH KOREA Contact: Danylo Dobriansky Phone: +1 646 908 6322 Unit size: 1,884 sqm Mapletree Logistics Hub - Baekam 1 937-5 Baekbong-ri, Baegam-myeon Email: [email protected] 19675 W Ten Mile Road Cheoin-gu, Yongin-si, Gyeonggi-do Unit sizes: 144 – 1,486 sqm 19675 West Ten Mile Road, South eld, MI 48075, Contact: Shawn Kim United States Phone: +82 102 907 0727 VIETNAM Contact: Karlton Holston Email: [email protected] Phone: +1 404 525 8190 mPlaza Saigon Unit sizes: 2,817 – 7,951 sqm Email: [email protected] 39 Le Duan, District 1, Ho Chi Minh City Unit size: 1,262 sqm Contact: Rose Quan Hong Nhung VIETNAM Phone: +84 909 934 519 Mapletree Bac Ninh Logistics Park 3 Email: [email protected] Vietnam Singapore Industrial Park Bac Ninh, Unit size: 190 sqm Tu Son District, Bac Ninh Province INDUSTRIAL Mapletree Business Centre Contact: Bach Ngoc Van 1060 Nguyen Van Linh, Tan Phong Ward, SINGAPORE Phone: +84 937 425 995 District 7, Ho Chi Minh City Email: [email protected] Contact: Tran Thi Quynh Cham Tanjong Pagar Distripark Unit sizes: 2,500 – 42,000 sqm 37 & 39 Keppel Road, Phone: +84 976 009 847 Singapore 089064 / 089065 Mapletree Logistics Park Binh Duong Email: [email protected] Contact: Desiree Chia Vietnam Singapore Industrial Park II, Unit sizes: 200 – 712 sqm Phone: +65 6804 8754 Thu Dau Mot City, Binh Duong Province Email: [email protected] Contact: Kimberly Nguyen CentrePoint Unit sizes: 118 – 3,535 sqm Phone: +84 938 612 771 106 Nguyen Van Troi, Ward 8, Email: [email protected] Phu Nhuan District, Ho Chi Minh City VIETNAM Unit sizes: 2,000 – 18,000 sqm Contact: Nguyen Thi Thuy Phone: +84 938 546 912 Mapletree Business City @ Binh Duong Email: [email protected] 1 Tien Phong 3 Street, Unit sizes: 200 – 500 sqm Mapletree Industrial Park Binh Duong, Hoa Phu Ward, Thu Dau Mot City, MIXED-USE Paci c Place Binh Duong 83B Ly Thuong Kiet, Contact: Jay Kim Ji Yeob SINGAPORE Hoan Kiem District, Hanoi Phone: +84 9 3464 5197 / +84 9 0165 0305 Mapletree Business City II Contact: Vu Kim Trang Email: [email protected] 80 Pasir Panjang Road, Singapore 117440 Phone: +84 24 3946 0355 (Ext: 0112) Unit sizes: 1,000 – 50,000 sqm (35 units) Contact: Ashley Cheang Email: [email protected] Phone: +65 6377 6178 Unit sizes: 100 – 265 sqm Email: [email protected] Unit size: 709 sqm LOGISTICS RESIDENTIAL SINGAPORE OFFICE VIETNAM Mapletree Pioneer Logistics Hub 76 Pioneer Road, Singapore 639577 RichLane Residences SINGAPORE Contact: Adrian Lim 1056A Nguyen Van Linh, Tan Phong Ward, Phone: +65 9641 6617 HarbourFront Tower One District 7, Ho Chi Minh City Email: [email protected] 1 HarbourFront Place, Singapore 098633 Contact: Nguyen Thi Anh Phuong Unit size: 3,531 sqm Contact: Desiree Chia Phone: +84 28 3620 6363 Phone: +65 6804 8754 Email: [email protected] CHINA Email: [email protected] Available units: 184 Unit sizes: 220 – 695 sqm Mapletree Changshu Logistics Park One Verandah No 37 Dongnan Avenue, HarbourFront Tower Two Bat Nan, Thanh My Loi Ward, Dongnan EDZ, Changshu 3 HarbourFront Place, Singapore 099254 District 2, Ho Chi Minh City Contact: Ang Jit Siong Contact: Desiree Chia Contact: Nguyen Thi Hien Phone: +86 21 2316 7772 Phone: +65 6804 8754 Phone: +84 28 3620 6633 Email: [email protected] Email: [email protected] Email: [email protected] Unit size: 60,966 sqm Unit sizes: 438 – 1,014 sqm Available units: 227

35

35-36 Space for Rent V4.indd 35 7/9/19 3:03 PM SPACE FOR RENT

VIETNAM JAPAN SC VivoCity Mapletree Investments Japan Kabushiki Kaisha 1058 Nguyen Van Linh, Tan Phong Ward, Level 10, Omori Prime Building, District 7, Ho Chi Minh City 6-21-12 Minamioi, Shinagawa-ku, Contact: Chang Yeng Cheong Tokyo 140-0013, Japan Phone: +84 90 1239 644 Tel: +81 3 6459 6469 Email: [email protected] Fax: +81 3 3766 3133 RETAIL Unit size: Please contact us for more details. MALAYSIA SINGAPORE mPlaza Saigon 39 Le Duan, District 1, Ho Chi Minh City Mapletree Malaysia Management Sdn Bhd HarbourFront Centre Suite 12.05, Level 12, Centrepoint North Tower, Contact: Rose Quan Hong Nhung 1 Maritime Square, Singapore 099253 Mid Valley City, Lingkaran Syed Putra, Phone: +84 90 993 4519 Contact: Sandy Soh 59200 Kuala Lumpur, Malaysia Email: [email protected] Phone: +65 6377 6848 Tel: +603 2289 9000 Unit sizes: 46 sqm & 250 sqm Email: [email protected] Fax: +603 2283 6128 Contact: Ng Koh Xin Phone: +65 6804 8085 Email: [email protected] Unit sizes: 21 – 98 sqm MAPLETREE OFFICES Mapletree Management (Poland) Sp. z o.o. West Station I, Office HUB, HarbourFront Tower One and Two SINGAPORE 12th floor, Al. Jerozolimskie 142A, 1 & 3 HarbourFront Place, 02-305 Warsaw, Poland Singapore 098633 / 099254 Mapletree Investments Pte Ltd 10 Pasir Panjang Road #13-01, Contact: Sandy Soh Mapletree Business City, Singapore 117438 SOUTH KOREA Phone: +65 6377 6848 Tel: +65 6377 6111 Mapletree Korea Management Co Ltd Email: [email protected] Fax: +65 6273 2753 5F Twin City Namsan, 366 Hangang-daero, Contact: Ng Koh Xin Yongsan-gu, Seoul, South Korea, 04323 Phone: +65 6804 8085 AUSTRALIA Tel: +82 2 6742 3200 Email: [email protected] Fax: +82 2 6742 3230 Unit size: 78 sqm Mapletree Asset Management Pty Ltd Suite 22.03, Level 22, 580 George Street, Mapletree Business City II Sydney NSW 2000, Australia THE 40 Pasir Panjang Road, Tel: +61 2 9026 8418 Mapletree Management (Netherlands) B.V. Mapletree Business City, Singapore 117383 Amsterdam Atrium, 5th floor, Tower 2, Contact: Sandy Soh CHINA Centre Building, Strawinskylaan 3071, Phone: +65 6377 6848 1077 ZX Amsterdam, The Netherlands Shanghai Mapletree Management Co Ltd Tel: +31 020 820 9900 Email: [email protected] Unit 401, Silver Court, No. 228 South Xizang Road, Contact: Ng Koh Xin Huangpu District, Shanghai 200021, China Phone: +65 6804 8085 Tel: +86 21 2316 7677 THE UNITED KINGDOM Email: [email protected] Fax: +86 21 2316 7700 Mapletree UK Management Limited Unit sizes: 80 – 187 sqm New office (relocation in July 2019) Floor 1B, 80 Hammersmith Road, 11/F, Taikang Insurance Tower, London, W14 8UD, United Kingdom 18 Tai Seng Tel: +44 207 6054 668 18 Tai Seng Street, Singapore 539775 No. 429 North Nanquan Road, Pudong District, Contact: Irene Ng Shanghai 200120, China THE UNITED STATES Phone: +65 6377 6894 Beijing Mapletree Huaxin Management Email: [email protected] Mapletree US Management, LLC Consultancy Co Ltd th Contact: Joan Ang Suite 5BCD1 Tower B, Gateway Plaza, 5 Bryant Park, 28 Floor, Phone: +65 6376 9131 18 Xiaguangli, East Third Ring North Road, New York, NY 10018, United States Email: [email protected] Chaoyang District, Beijing 100027, China Tel: +1 646 908 6300 Unit sizes: 99 – 297 sqm Tel: +86 10 5793 0333 125 S. Clark Street Fax: +86 10 5793 0300 Chicago, IL 60603, United States CHINA Foshan Mapletree Management 2222 Corinth Avenue VivoCity Nanhai Consultancy Co Ltd Los Angeles, CA 90064, United States No. 6 Shilong Nan Road, B118-120, VivoCity Nanhai, Tel: +1 310 444 2429 Guicheng Street, Nanhai District, No 6 Shilong Nan Road, Guicheng Street, Foshan 528251 Nanhai, Foshan, Guangdong 528251, China 180 Peachtree Street, Suite 610 Contact: Peter Tsang Tel: +86 757 8181 8500 Atlanta, GA 30303, United States Phone: +86 757 8181 8560 Fax: +86 757 8671 7009 Email: [email protected] 2066 Chenault Dr, Suite 136 Unit sizes: 100 – 360 sqm Guangzhou Mapletree Huaxin Enterprise Carrollton, TX 75006, United States Management Consultancy Co Ltd VivoSquare Ningbo 4108 Unit, Tower A, Zhongtai International Plaza, VIETNAM No. 161, Lin He West Road, Tianhe District, *Slated to open in late 2020 Mapletree Vietnam Management Guangzhou, Guangdong 510610, China Northwest intersection of Consultancy Co Ltd Jiangbei Avenue and Yunfei Road, Tel: +86 20 3250 2000 18 L2-1 Tao Luc 5 Street, Jiangbei District, Ningbo Fax: +86 20 3250 2029 Vietnam-Singapore Industrial Park II (VSIP II), Contact: Dean Shi Binh Duong Industry – Service – Urban Complex, Phone: +86 134 2929 1223 HONG KONG SAR Hoa Phu Ward, Thu Dau Mot City, Email: [email protected] Mapletree Hong Kong Management Limited Binh Duong Province, Vietnam Unit sizes: 100 – 3,000 sqm Suites 2001-2, 20/F, Great Eagle Centre, Tel: +84 274 3543 688 23 Harbour Road, Wan Chai, Hong Kong Fax: +84 274 3767 678 MALAYSIA Tel: +852 2918 9855 Fax: +852 2918 9915 Unit 501, Mapletree Business Centre, Jaya Shopping Centre 1060 Nguyen Van Linh Parkway, 6th Floor, Jaya Shopping Centre, Tan Phong Ward, District 7, Jalan Samangat, 46100 Petaling Jaya, INDIA Ho Chi Minh City, Vietnam Selangor Darul Ehsan Mapletree India Management Services Tel: +84 28 3776 0304/5 Contact: John Kwan Private Limited Fax: +84 28 3776 0375 Phone: +603 7932 0955 Tower A, Ground Floor, Global Technology Park, Email: [email protected] Marathahalli Outer Ring Road, Unit 306, Pacific Place Building, Contact: Huey Huey Miin Devarabeesanahalli Village, Varthur Hobli, 83B Ly Thuong Kiet Street, Hoan Kiem District, Phone: +65 6804 8087 Bengaluru 560103, Karnataka, India Hanoi, Vietnam Email: [email protected] Tel: +91 80 6639 0800 Tel: +84 24 3946 0355 Unit size: Please contact us for more details. Fax: +91 80 6639 0888 Fax: +84 24 3946 0359

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OAK-19-014 Dual Property Ad new.indd 1 6/26/19 3:51 PM Value through partnerships Mapletree is a leading real estate development, investment, capital and property management company who believes in the value of building strong relationships with our customers, business partners, investors and the community. Forging these relationships allows us to grow together and share the rewards of our collective success with our stakeholders.

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