Mapletree Investments (IPO)

IPO: Temasek-owned Mapletree Investments plans to raise up to US$1.5b by injecting some of its Chinese office and retail assets into a Reit, which will be listed on the SGX by 1H13. The plans are still in the initial stage as the group is still finalizing the exact number of properties the Reit will own. According to its website, Mapletree Investments has 8 commercial and retail properties and projects in China. These include the VivoCity Nanhai and VivoCity Xian shopping malls and the Silver Court in Shanghai, a property that includes office, retail and serviced-apartment spaces. In HK, the company has 9 assets including the Festival Walk shopping mall and a number of logistics properties. Mapletree Investments owns and manages a $19.9b portfolio that includes office, logistics, industrial, residential and retail assets across Asia. It has sponsored 3 Reits and manages another 3 private real-estate funds.