January
The National Library Board opened a 3,000-sqm library at Level 3 of VivoCity, Singapore. library@harbourfront offers a collection of 200,000 books and two distinct zones – one for adults and teens, and another for children.

Oakwood, a wholly-owned subsidiary of Mapletree Investments, strengthened its corporate housing/serviced apartment footprint in the United States by managing two properties that were acquired by Mapletree. Oakwood Chicago River North is a 188-unit residential property in Illinois, while Oakwood Arlington is a 184-unit residential property in Arlington, Virginia.

Mapletree Logistics Trust (MLT) acquired a Grade A logistics facility in Vietnam-Singapore Industrial Park I in Binh Duong province for VND725.1 billion (~S$42.4 million). Comprising three connected blocks of single-storey warehouses, the facility has a GFA of about 66,846 sqm and land area of 101,196 sqm. The asset will enhance MLT’s ability to tap on rising demand for quality logistics facilities in one of the fastest-growing markets.

February
Mapletree held an inaugural Mapletree-SMU Real Estate Forum, titled “Insights into the Real Estate Sharing Economy”. It was a platform for industry practitioners, subject experts and tertiary students to share trends and cross-disciplinary knowledge. The forum was attended by 110 people comprising SMU students, industry professionals and members of the public.

Mapletree commenced the construction of two state-of-the-art Grade A offices at 400 and 450 Longwater Avenue in Green Park, Reading, the United Kingdom. Totalling approximately 21,000 sqm of NLA, the new five-storey buildings will be ready for occupation in September 2020.

Mapletree Industrial Trust (MIT) acquired 18 Tai Seng for S$268.3 million from its Sponsor, Mapletree Investments. 18 Tai Seng is a nine-storey high-specification mixed-use industrial development with a GFA of about 41,230 sqm, which comprises Business 2 industrial, office and retail spaces. Centrally located in the Paya Lebar iPark, the property is directly connected to Tai Seng MRT station and enjoys accessibility via major expressways.

March
Mapletree unveiled the design of Grade A office twin towers, V Plaza – a joint venture with Saigon Co.op Investment Development Joint Stock Company (SCID) – and officially opened Oakwood Residence Saigon, the first Mapletree developed corporate housing/ serviced  apartment in Vietnam. Held in HCMC, the event was graced by Guest-of-Honour, then Deputy Prime Minister of Singapore Teo Chee Hean, Chairman of the HCMC People’s Committee, Mr Nguyen Thanh Phong, Mapletree Chairman, Mr Edmund Cheng and Chairman of SCID, Mr Diep Dung.

Mapletree completed the acquisition of an approximately US$0.9 billion (~S$1.2 billion) portfolio over a series of staged closings, increasing our logistics exposure in nine US states as well as Poland and Germany.

Mapletree syndicated a logistics private trust comprising logistics assets in the United States and Europe, Mapletree US & EU Logistics Private Trust (MUSEL), with US$1.8 billion (~S$2.44 billion) in equity. MUSEL has invested in a portfolio of 262 logistics properties across 26 states in the US and 20 European cities across seven European countries.

Ahead of the end of fund life, Japan-focused office fund MJOF divested its four remaining assets. With the full realisation of the fund, MJOF has achieved higher-than targeted returns.

The third edition of the Mapletree Futsal Challenge was held with 14 participating teams comprising tenants from Mapletree Business City and PSA Building. With dollar-for-dollar matching by Mapletree, a record S$15,616 was raised for youth intervention programmes managed by Boys’ Town and Beyond Social Services.

Mapletree Logistics Trust (MLT) completed the redevelopment of Mapletree Pioneer Logistics Hub (formerly known as 76 Pioneer Road), a modern five-storey ramp-up logistics facility with a GFA of 72,000 sqm. This is MLT’s third redevelopment project in Singapore.

Mapletree added evo at Cira Centre South to its growing portfolio of student accommodation assets in the US. The 850-bed asset is located in Philadelphia, Pennsylvania. With this, Mapletree has 19 student accommodation assets in the US comprising approximately 13,000 beds.

Mapletree and Singapore Management University jointly launched the Mapletree Real Estate Programme. The first of its kind, the multi-faceted programme includes the Mapletree Professorship in Real Estate, Mapletree Awards, Mapletree Real Estate Business Study Trip Grant and Mapletree Speaker Events. Made possible by an endowed gift of S$3 million from Mapletree, the programme aims to equip students with the necessary knowledge and cross-disciplinary skills to navigate the growing real estate sector.

Mapletree Greater China Commercial Trust (MGCCT)¹ broadened its investment mandate beyond Greater China to include Japan. Japan provides attractive commercial real estate acquisition opportunities with largely freehold tenure and at relatively higher yield spread against the local cost of funds, attributes that are presently not available in MGCCT’s¹ existing markets.

Mapletree affirmed a leasing agreement with one of the leading e-commerce companies in China for 101,616 sqm of NLA, comprising seven blocks of warehouses with ancillary offices at Mapletree’s development in Nanjing. An earlier lease was secured in September 2017 for the sole tenancy of Mapletree’s logistics park in Wuhan, a facility comprising four blocks of high-quality single-storey warehouses with ancillary offices, with a total NLA of 69,984 sqm.

To commemorate the 45th anniversary of Singapore Friendship Association, Mapletree donated S$10,000 to the National Fund for Vietnamese Children, the designated beneficiary of the event. The donation went towards building a facility for children in the Tuyen Quang province.

Mapletree Logistics Trust (MLT) acquired the remaining 38% in strata share value of Shatin No. 3, an 18-storey warehouse and freight handling cargo complex in New Territories, Hong Kong SAR. This brings MLT’s interest in the property to 100%.

As part of Mapletree’s Staff CSR Programme, the employees in Vietnam delivered daily necessities and donations of clothes and shoes to more than 60 children aged four to 14 years from the SOS Children’s Village in Go Vap. This was the first time the Vietnam team was awarded funding for their CSR initiative.

Mapletree Industrial Trust completed the S$77 million AEI at 30A Kallang Place and improvement works at the existing buildings in the Kallang Basin 4 Cluster. Adding about 31,200 sqm of GFA, the new 14-storey Hi-Tech Building, 30A Kallang Place, has been awarded the Building Construction Authority of Singapore Green Mark Gold for New Non-Residential Buildings.

Mapletree presented “Once Upon a Time” event by The TENG Ensemble to more than 600 people at VivoCity Amphitheatre in Singapore, in celebration of the Lunar New Year. This was the first of two public showcase performances by The TENG Ensemble, of which Mapletree is a corporate sponsor as part of its support for the arts.

Green Park was one of the organising sponsors for Green Park Triathlon 2018, which attracted over 100 participants. Nearly £2,000 (~S$3,687) was raised for Sport Relief, a charity that tackles critical issues affecting people across the UK and the world.

Mapletree organised the second Mapletree Futsal Challenge as a joint CSR initiative that was opened to its tenants from Mapletree Business City and PSA Building. With dollar-for-dollar matching by Mapletree, the S$6,000 raised was donated to youth intervention programmes managed by the voluntary welfare organisations – YouthReach and Beyond Social Services.

Mapletree further expanded its footprint in Australia with the acquisition of a 21-storey Grade A office building in Adelaide. This marks the eighth office asset in Australia since the Group made its maiden acquisition in 2014.

Mapletree Greater China Commercial Trust (MGCCT)¹announced the proposed acquisition of six freehold office properties located in Tokyo, Chiba and Yokohama for a total acquisition cost of approximately JPY63,304 million (~S$779 million). With an NLA of 148,643.6 sqm and a long weighted average lease expiry of 5.8 years, the portfolio is Distribution per Unit-accretive and contributes a diversified and stable income stream to MGCCT¹.

Mapletree completed the construction of its first office development near Kwun Tong, Hong Kong SAR. A 19-storey Grade A low-carbon green building incorporated with environmentally sustainable features, Mapletree Bay Point was awarded the 2015 Precertification for Leadership in Energy and Environmental Design (LEED) for Core and Shell Development Gold Level prior to its completion.

April
Mapletree and SF Express, a leading Chinese express delivery service provider, signed an agreement to expand cooperation in China and overseas.

Mapletree made its maiden logistics acquisition in the United States, with an investment of approximately US$2.2 billion (~S$2.98 billion) for over 160 high-quality assets in 20 key logistics markets.

May
Mapletree Business City II clinched the BCA Universal Design Mark Platinum Award 2018 for its lush landscape and connectivity.

Mapletree North Asia Commercial Trust (MNACT) completed the acquisition of six freehold office properties located in Tokyo, Chiba and Yokohama on 25 May 2018².

Mapletree announced that it will participate in the “Future Park” initiative to work with pioneering and innovative enterprises in China. The initiative also seeks to tap on technology to boost China's logistics industry.

Mapletree entered into a forward funding acquisition project to develop a 452-bed student housing asset, Cottages@Westwood, in the United Kingdom. It will be the nearest private purpose-built student accommodation to the University of Warwick when completed.

Mapletree entered the flexible workspace market with CoQoons Coworking. Occupying over 1,000 square metres at HarbourFront Tower Two in Singapore, CoQoons offers various co-working arrangements for its members and HarbourFront tenants.

June
Mapletree Logistics Trust (MLT) co-invested a 50% stake in 11 China logistics properties with its Sponsor, Mapletree Investments, at an aggregate agreed property value of RMB2,846.8 million (~S$575.3 million). The acquisition enhanced MLT’s portfolio quality and doubled its net lettable area in China to 843,150 sqm.

Mapletree entered into a joint venture for the development of a 513-bed student housing asset in Philadelphia, Pennsylvania, United States. Upon completion in mid-2020, the asset will be located within the University of Pennsylvania campus and opposite the Wharton School of Business.

Mapletree Industrial Trust (MIT) acquired 7 Tai Seng Drive for S$68 million. With a gross floor area of about 23,800 sqm, the seven-storey property will be upgraded to a data centre and fully leased to Equinix Singapore for an initial term of 25 years. The upgrading works are expected to complete in the second half of 2019, at $95 million³.

VivoCity, Singapore launched its new 3,000 sqm extension at Basement 1. It houses 10 brands across fashion, athleisure and lifestyle categories. VivoCity also built a new escalator connecting Basement 2 to Level 1 through the new extension, improving vertical connectivity and mobility within the mall.

July
Following the successful inaugural event in July 2017, Mapletree repeated the three-day “Home & Away with Mapletree” at VivoCity, Singapore as part of CSR efforts to support education. The event also expanded to Jaya Shopping Centre in Selangor, Malaysia, and Festival Walk in Kowloon Tong, Hong Kong SAR.

Mapletree unveiled a restored Merryweather Pump Escape Fire Engine that was built in 1938 by Merryweather & Sons (London), as part of Mapletree Business City’s public art trail to bring art and history to the community. Mapletree later hosted Olympic champion swimmer Joseph Schooling, as his late granduncle, Mr Lloyd Valberg, was its last fire chief.

Mapletree Industrial Trust (MIT) completed its third Build-to-Suit data centre development, Mapletree Sunview 1, in Singapore. With a gross floor area of about 22,500 sqm, the six-storey purpose-built data centre at Sunview Drive is fully leased to an established data centre operator.

August
Mapletree, together with NTU Centre for Contemporary Art Singapore (NTU CCA Singapore), presented a public art education programme for Mapletree Business City tenants and the public. At an after-work performance, acclaimed local artist Zulkifle Mahmod invited the audience to experience a multi-layered sound composition, which was created to activate his art installation Sonic Pathway, one of the artworks on the MBC Public Art Trail.

September
VivoCity, Singapore partnered with The Walt Disney Company to present the “VivoCity x Disney Tsum Tsum Mid-Autumn: A Celebration of Love” campaign, which featured more than 2,000 lanterns at the VivoCity Sky Park. The event was one of VivoCity’s fun and shopper-centric events to drive footfall.

Mapletree Logistics Trust (MLT) acquired five modern ramp-up logistics properties in Singapore, at Pandan Avenue, Tanjong Penjuru, Fishery Port Road and Toh Guan Road East.

Mapletree celebrated the Mid-Autumn Festival with a concert by The TENG Ensemble at VivoCity, Singapore for an audience of over 800 people. A CSR initiative, the concert showcased Singapore’s arts talents. Four youth performers were also awarded the inaugural Mapletree-TENG Academy Scholarship, which supports young talents pursuing Chinese music.

October
Mapletree acquired a 1.5 million sqm logistics portfolio for US$1.1 billion (~S$1.49 billion) as part of the Group’s strategy to increase the global logistics footprint. These properties enjoy excellent access to key transportation nodes and are located in established distribution centres in Chicago, Dallas and Seattle in the US, as well as France, Germany and Poland.

Mapletree signed an agreement with a US-listed logistics service provider for the lease of a 35,000 sqm Build-to-Suit warehouse at Mapletree Changsha Airport Logistics Park in China. Mapletree had previously also provided a customised warehouse for the same tenant in Jiaxing, China.

Mapletree rolled out a company-wide wellness programme, Wellness@Mapletree. A mobile application was developed for staff to access information and register for activities such as circuit training sessions, mass walks and health workshops.

Mapletree sponsored the second edition of the nationwide School of the Arts Primary 6 Art Competition to bolster support for the arts and education.

Mapletree launched The Mapletree Challenge with the Singapore Institute of Technology (SIT) to help students refine their job interview and presentation skills. The challenge also provided budding entrepreneurs with a test bed to pitch their entrepreneurial ideas. With a funding of S$200,000 for two series, the challenge comprises Job Interview and Presentation Masterclasses, the Mapletree Innovation and Entrepreneurship Forum, as well as Mentoring Masterclasses.

November
Mapletree Logistics Trust (MLT) celebrated the successful completion of its redevelopment of Mapletree Ouluo Logistics Park Phase 1 in Pudong New District, Shanghai, China. The event was graced by Mr Chan Chun Sing, Minister for Trade and Industry of Singapore, together with Mr Stanley Loh Ka Leung, Ambassador to the People’s Republic of China, Mr Lee Chong Kwee, Chairman of Mapletree Logistics Trust Management Ltd, and Mr Lee Ark Boon, Mapletree Chief Executive Officer for China Logistics Development. Phase 1 achieved full occupancy immediately upon completion.

The Mapletree Annual Lecture was a key milestone of the Mapletree Real Estate Programme at Singapore Management University, a multi-faceted partnership that provides a platform for students, experts and industry practitioners to network and share knowledge. An inaugural lecture on “How to Grow Singapore into a Premier Financial Centre for Global Real Estate Investments” was held for an audience of over 250 people.

Mapletree organised its second edition of the Mapletree Youth Futsal Camp at Mapletree Business City for close to 70 youths aged between 10 and 18 years old. The two-day camp also saw an introduction of three age group categories. The participants were youths from Mapletree’s beneficiary, Beyond Social Services, children of employees and tenants, as well as students from two South Zone secondary schools.

Festival Walk held a "Merry-Go-20th Christmas Lighting Ceremony" to celebrate its 20th anniversary. The event was graced by Mr Paul Ma, Chairman of Mapletree North Asia Commercial Trust Management Ltd (MNACTM), Mr Michael Kok, Board of Director of MNACTM, Ms Sandra Cheng, General Manager of Festival Walk, and celebrity, Mr Sean Lau, from Hong Kong SAR.

Mapletree Logistics Trust (MLT) acquired Coles Brisbane Distribution Centre in Brisbane for A$105 million (~S$100.7 million). It is fully leased to Coles Supermarkets, the second-largest supermarket chain in Australia.

Mapletree Logistics Trust (MLT) acquired Mapletree Logistics Centre – Wonsam 1, in Gyeonggi-do province, South Korea, for KRW37.85 billion (~S$45.4 million). The asset comprises two blocks of multi-tenanted dry warehouse with a total GFA of about 30,780 sqm and land area of 31,055 sqm.

Mapletree signed an agreement to acquire 67 Albert Avenue, a 15-storey office building with Grade A specifications in Australia. It has a total NLA of 14,756sqm and is strategically located in Chatswood, a major North Shore office market in Sydney. The asset achieved a five-star National Australian Built Environment Rating System (NABERS) energy rating. The acquisition was completed in April 2019.

Mapletree acquired a Grade A IT office park in Chennai to further expand its presence in India. Mapletree renamed the building to Global Infocity Park Chennai and unveiled a new property logo. This is Mapletree’s largest acquisition in India to date.

December
Mapletree sponsored a nationwide event, River Hongbao Hackathon 2019 to empower youths and realise their entrepreneurship dreams. A retail expert from Mapletree also mentored participants and gave them insights into the retail scene. Three winning teams each received S$2,000 in prize money and S$4,800 in seed money to run their stalls at River Hongbao 2019.

Mapletree acquired a 24-storey office building in Beijing, China. The property is located in Lize Financial Business District and offers a GFA of 51,235 sqm, providing financial institutions and Fintech firms with Grade A quality office space.

Mapletree acquired two land sites in China. Mapletree Suzhou Logistics Park in Wujiang district will have an NLA of about 57,000 sqm while Mapletree Jinghai Logistics Park is set to have an NLA of about 35,000 sqm. Both parks are positioned to attract well-known local and international companies, as well as high-end logistics services.


 

¹Upon completion of the Proposed Acquisition of six Japan office assets on 25 May 2018, Mapletree Greater China Commercial Trust (MGCCT) was renamed Mapletree North Asia Commercial Trust (MNACT) and Mapletree Greater China Commercial Trust Management Ltd, the Manager, was renamed Mapletree North Asia Commercial Trust Management Ltd.

²Please refer to MNACT’s SGX-ST Announcement dated 25 May 2018 “Completion of Acquisition of the Japan Portfolio and Use of Proceeds of the Private Placement” and SGX-ST Announcement dated 8 May 2018 “Issue of 311.6 million New Units in MGCCT Pursuant to the Private Placement”.

³This includes the purchase consideration of 7 Tai Seng Drive at S$68 million.

⁴This includes the upfront land premium for the balance lease terms paid.

Construction has started for Inzai Logistics Centre, a joint development between Mapletree and ITOCHU. Scheduled to be completed by March 2018, this five-storey building in Chiba Prefecture, Japan, will have a total GFA of 110,923 sqm.

Mapletree issued S$625 million principal amount of 4.50% perpetual securities pursuant to its US$5 billion Euro Medium Term Note Programme. This was the first public Singapore-dollar debt capital market transaction and also the first public Asian hybrid issuance of 2017.

Mapletree’s South China Singapore City International Education Zone, a part of Nanhai Business City Phase 4, was officially opened by guest of honour Mr Teo Ser Luck, Singapore’s Minister of State for Manpower.

Mapletree acquired Oakwood Worldwide to strengthen its corporate housing and serviced apartment business. The acquisition covers all of Oakwood’s global operations with former Oakwood Worldwide executive Christopher Ahearn helming the business as Chief Executive Officer.

Mapletree opened its retail centre for 18 Tai Seng in Singapore, achieving committed occupancy of 93% for the retail space. The nine-storey mixed-use development, comprising retail, Business 2 and office components, obtained its TOP in November 2016.

Mapletree celebrated the groundbreaking of Mapletree Chengdu Qingbaijiang Logistics Park in China. Comprising six blocks of single-storey warehouses and two blocks of double-storey ramp-up warehouses, the property is strategically located at the junction of the Specialised Cargo Highway and Beijing-Kunming Expressway.

MJLD acquired a portfolio of three build-to-suit logistics assets, namely Odawara Centre 1, Odawara Centre 2 and Joso Centre, for JPY43.09 million (~S$541,332) from Mapletree. Strategically located in the Kanto region of Japan, the portfolio is 100% occupied by blue-chip tenants.

Mapletree Industrial Trust announced the development of its third data centre – a six-storey purpose-built data centre with a GFA of about 242,000 sq ft. Located in the West region of Singapore, this build-to-suit project is expected to be completed in the second half of 2018, and will be fully leased to an established data centre operator for an initial lease term of more than 10 years with staggered rental escalations.

MJLD acquired a site in Kobe, Japan, to be developed as a four-storey multi-tenanted logistics facility with a total GFA of 86,604 sqm. Construction is expected to commence in January 2018 and be completed in the first half of 2019.

Mapletree held its inaugural Mapletree Education Award (EduAward) Presentation Ceremony in Singapore to recognise the academic achievements of its employees’ children. The EduAwards comprise cash awards ranging from S$150 to S$500 and are presented twice a year, with the first batch of 41 awards given out this month.

Mapletree organised the first Mapletree Futsal Challenge as a charity fundraiser, in partnership with Mapletree Business City tenants. All proceeds went to programmes for children and youths from less privileged backgrounds. This is an extension of the company’s corporate social responsibility outreach in August 2016.

Green Park provided venue sponsorship for the annual Reading Half Marathon, whose official charity for 2017 was Cancer Research UK. More than 10,000 runners participated in the 13.1-mile race which started off at Green Park before going around the town of Reading.

Mapletree successfully raised equity of US$535 million (~S$746.2 million) for Mapletree Global Student Accommodation Private Trust (MGSA P-Trust) – the first Trust in Singapore focusing on this resilient and strong-yielding sector. The Trust currently holds about US$1.3 billion (~S$1.8 billion) in student accommodation assets located in the UK and the US, and has a term of five years (with provision for a one-year extension).

Mapletree Business Centre in Ho Chi Minh City, Vietnam, was officially opened by Mr Lee Hsien Loong, Prime Minister of Singapore. Designed to international Grade A specifications, this is Mapletree’s first office development in the country and represents the completion of Saigon South Place Phase 2.

The construction of Oakwood Apartments Azabudai, a 48-unit serviced apartment development in Tokyo, Japan, was completed. Opened in May 2017, it is managed by Oakwood under the Oakwood Apartments brand.

King's Place, the residential development in Nanhai Business City Phase 4, had sold all of its units from Phase 1 (except show flats) since the first sales launch in November 2015.

Mapletree issued S$700 million principal amount of 3.95% perpetual securities pursuant to its US$5 billion Euro Medium Term Note Programme. This was the largest Singapore dollar-denominated perpetual issuance in the year, following the issuance of S$625 million principal amount of 4.5% perpetual securities earlier in January 2017.

Japan-focused office fund MJOF acquired Shinagawa Seaside South Tower, a 17-storey building with one basement level. Located in Tokyo, Japan, the property has a total GFA of 51,200 sqm and is well-served by public transportation networks.

Oakwood Worldwide (Oakwood), a wholly owned subsidiary of Mapletree, opened Oakwood Apartments Azabudai, Tokyo, in Japan, following the opening of Oakwood Olympic & Olive in Los Angeles, the US in April 2017. These are the ninth and tenth assets developed by Mapletree.

Further enhancing its significant position in the student accommodation sector, Mapletree acquired eight student accommodation assets with 3,611 beds in the US and 140 beds in Canada, as well as four multi-family assets with 1,388 units across three states in the US.

Mapletree opened its flagship brand “VivoCity” in Shanghai to expand into China’s commercial real estate sector. The five-storey mall spans a total GFA of 120,000 sqm and features more than 280 shops including brands which are new to Shanghai.

June
Mapletree Business Centre, a 17-storey office building within Saigon South Place in Ho Chi Minh City, was awarded Best Office Development and Best Office Architectural Design at the PropertyGuru Vietnam Property Awards 2017. It has since reached full occupancy, securing large international tenants such as Standard Chartered Bank and Grab.

Mapletree Industrial Trust (MIT) completed its largest build-to-suit development for HP Singapore at 1 and 1A Depot Close. This was MIT’s first redevelopment project of a Flatted Factory Cluster into a purpose-built facility, comprising two Hi-Tech Buildings with a total GFA of over 76,600 sqm.

Mapletree made its first investment in Melbourne, Australia, with the acquisition of 417 St Kilda Road. The nine-storey Grade A office building has a total NLA of 20,135 sqm.

Mapletree continued to actively build its presence in the UK with the acquisition of The Maltings, a 779-bed student accommodation facility in Colchester.

As part of Mapletree’s CSR efforts to support education, a three-day “Home & Away with Mapletree” event was held at VivoCity Singapore to give away more than 500 fleece jackets to Singaporeans and Permanent Residents pursuing tertiary education in the UK.

Kumho Asiana Plaza was rebranded as mPlaza Saigon under the Group’s plan to rejuvenate the property following its acquisition in 2016. AEIs began with works to revamp common areas in the retail podium.The mixed-use development in Vietnam has also achieved record occupancy and average daily room rates.

Mapletree continued to support the network outreach of Alibaba Group’s logistics affiliate, as the latter expanded operations at Mapletree’s logistics development in Hangzhou, China, with a new lease of 24,893 sqm of NLA, in addition to the 51,368 sqm contracted in 2016. In July 2017, a total NLA of 105,241 sqm was committed on Mapletree’s logistics developments in Nanchang, Xiaogan and Changsha to enhance the tenant’s distribution network in Jiangxi, Hubei and Hunan provinces.

September
Mapletree signed an agreement with a leading express delivery service provider in China on the lease of a customised high quality, single-storey warehouse of NLA 25,320 sqm at Nanchang. Subsequently, an additional lease of 5,145 sqm was affirmed with the tenant’s subsidiary to support its supply chain business in the area.

Mapletree Logistics Trust issued S$180 million in aggregate principal amount of 3.65% fixed rate perpetual securities under its S$3 billion Euro Medium Term Securities Programme.

Mapletree Industrial Trust expanded its investment strategy to include real estate and real estate-related assets used primarily as data centres worldwide beyond Singapore, demonstrating its focus on growing the Hi-Tech Buildings segment.

Mapletree, in collaboration with Nanyang Technological University (NTU), launched the “Mapletree-NTU Centre for Contemporary Art Singapore (NTU CCA Singapore) Public Art Education Programme”, underlining the Group’s commitment to art. A series of new public installations and art education programmes, including guided tours, artist talks and workshops, will be developed at Mapletree Business City.

As part of the Public Art Education Programme, Mapletree and NTU CCA Singapore co-presented “Discursive Picnic” at Mapletree Business City II during Archifest 2017, a public festival to celebrate Singapore’s architecture and the built environment. Participants went on an art trail to experience art in daily environments, and deepen their appreciation for the arts.

Mapletree completed the divestment of Mapletree Logistics Hub Tsing Yi to Mapletree Logistics Trust for HK$4.8 billion (~S$834.8 million). An 11-storey ramp-up Grade A logistics facility with a total GFA of 120,550 sqm, this was the first logistics property developed by Mapletree in Hong Kong SAR.

The second phase of Global Technology Park in India obtained its Occupancy Certificate two months ahead of schedule. Comprising two 12-storey office towers with a basement level, it has a total NLA of 68,179 sqm.

Mapletree hosted more than 200 international delegates from the Annual Conference for the International Committee for Museums and Collections of Modern Art at Mapletree Business City II (MBC II). Special art tours were organised for the delegates to view the art installations at MBC II.

Mapletree extended financial support of more than S$69,000 to 11 youths from three local voluntary welfare organisations under the Mapletree Youth Resilience Programme. The number of beneficiaries has doubled since the programme was launched in 2016.

RichLane Residences and Oakwood Residence Saigon, the residential and serviced apartment components of Saigon South Place, received the Certificate of Completion. The former is a high-rise tower with 243 units while the latter is developed by Mapletree with 237 units that officially opened in April 2018.

In conjunction with the 10th anniversary of Saigon Co.op Investment Development Joint Stock Company, Mapletree’s joint venture partner for SC VivoCity, Mapletree and its subsidiary Vietnam Management and Consultancy Co Ltd donated VND702 million (~S$41,000) to sponsor health insurance for 1,800 people from underprivileged communities in Ho Chi Minh City, Vietnam. The sponsored health insurance card covers at least 80% of all medical expenses for 12 months.

In Singapore, Mapletree successfully conducted the Mapletree Youth Futsal Camp 2017 at the Mapletree Business City futsal courts, where 21 youths aged between 13 and 18 learnt basic futsal techniques and engaged in friendly matches. Aligned to Mapletree’s support for youths-at-risk, the futsal camp kick-started the school holidays for youths from YouthReach (an affiliate of Boys’ Town) and Beyond Social Services as well as children of employees and tenants.

December
Mapletree acquired TF Nishidai Building in Tokyo, Japan. Spanning a total GFA of 22,792 sqm, the six-storey office building enjoys easy access to the CBD.

Mapletree and Mapletree Industrial Trust (MIT) completed the acquisition of a portfolio of 14 data centres in the US through an unlisted single purpose trust, Mapletree Redwood Data Centre Trust (MRDCT), at a purchase consideration of approximately US$750 million (~S$1,020 million). The portfolio is anchored by long leases with high-quality tenants from a diverse range of industries. Under the joint venture agreement, Mapletree holds a 60% interest in MRDCT, while MIT holds the remaining 40%.

Mapletree acquired its first office property in the US. Located in the CBD of Minneapolis, Minnesota, 50 South Sixth is a 29-storey building with a total NLA of 64,903 sqm, of which 3,107 sqm is retail space.

Japan-focused office fund MJOF acquired ABAS Shin-Yokohama Building, an office building with a GFA of 4,759 sqm, in Japan. Located in Yokohoma City, it is well served by public transportation networks.

Mapletree acquired a seven-storey office building in Munich located about 10 km away from the city centre, and is easily accessible by the motorway and railway.

Mapletree completed the construction of Noda Logistics Centre, a multi-tenanted logistics distribution facility with an ancillary office. Located in Japan’s Chiba Prefecture, the development has a GFA of 62,535 sqm and is part of a joint venture with ITOCHU Corporation under MJLD.

Mapletree celebrated the groundbreaking of Mapletree Ashikaga Logistics Centre 2. Located in Ashikaga City, this single-storey multi-tenanted distribution facility with an ancillary office is expected to be completed in late 2016 and is adjacent to Mapletree Ashikaga Logistics Centre 1. It is also under the MJLD fund.

Mapletree Commercial Trust has embarked on a second AEI at VivoCity which when completed, is expected to strengthen the mall’s food and beverage offerings.

To remember the legacy of Singapore’s founding Prime Minister, the late Mr Lee Kuan Yew, Mapletree commissioned Straits Times Press to produce two books for young readers. Over 700 copies of “What’s Inside the Red Box?” were given to all 374 preschools operated by Singapore’s largest preschool provider, PAP Community Foundation. In addition, 200,000 copies of the workbook, “LKY: Follow that Rainbow, Go Ride It” were distributed to all secondary school students in Singapore through a joint initiative with Singapore Power.

Mapletree marked its first foray into the student housing sector in the UK with the acquisition of a portfolio of 25 student accommodation assets comprising 5,507 beds across 12 core university cities in the UK, including Edinburgh, London, Nottingham and Oxford.

MJOF acquired two office buildings in Chiba, Japan. Located in close proximity to Narita International Airport, NTT Makuhari Building has a GFA of 174,716 sqm while Fujitsu Makuhari Building has a GFA of 61,088 sqm.

Mapletree Logistics Trust completed the redevelopment of 5B Toh Guan Road East, transforming the property into a modern six-storey ramp-up logistics facility and increasing GFA by over two times to 63,500 sqm.

In Japan, Mapletree Logistics Trust completed its asset enhancement initiative at Moriya Centre, increasing the property’s GFA by 26% to 43,700 sqm. These efforts are part of the Trust’s asset rejuvenation strategy to raise portfolio quality and returns.

Mapletree has completed the construction of Mapletree Business City II (MBC II), the final phase of the master plan for rejuvenation of the 13.5-ha Alexandra Precinct. MBC II features Singapore’s tallest high-rise business park building at 30 storeys, which then terraces down to eight-, six- and five-storey blocks, offering over 1.1 million sq ft of premium net lettable space with Grade A office specifications.

Mapletree acquired Green Park, a 79-ha award-winning business park in Reading, UK. A comprehensively-planned business park within a well-landscaped campus setting, the freehold property boasted occupancy of 91.5% at acquisition, increasing to 93% as at March 2017. The current developed Grade A lettable space is 1.4 million sq ft with a further development potential of 880,000 sq ft.

Mapletree started the construction of Mapletree Logistics Hub – Shah Alam in Malaysia. The three blocks of two-storey ramp-up multi-tenanted logistics and warehousing facilities will span a GFA of approximately 213,130 sqm when completed.

Mapletree commenced development of Saigon South Place Phase 3 – an Oakwood-branded serviced apartment and a high-rise residential block, RichLane Residences – in the affluent District 7 of Ho Chi Minh City, Vietnam. The two towers are expected to be completed by end-2017 and Oakwood Residence Saigon to start operations in early 2018.

Also in Ho Chi Minh City, Mapletree acquired Kumho Asiana Plaza, a prime mixed-use asset with GFA of 146,000 sqm. The property enjoys high occupancy rates of over 90% across its multiple components, comprising a 21-storey Grade A office building, 32-storey serviced apartment tower, 21-storey hotel, and a retail podium.

In Singapore, Mr Hiew Yoon Khong, Group Chief Executive Officer of Mapletree and Board Member of M+S Pte Ltd, officiated the topping-out ceremony of Marina One. Mapletree is the project manager for the integrated development which is on track for completion in 2017.

Private fund MJLD completed the construction of I Missions Park Sakai, a multi-tenanted distribution facility with ancillary office at Japan’s Sakai port area. It is part of a joint venture with ITOCHU Corporation and has a GFA of 124,939 sqm.

Mapletree signed an agreement with Best Logistics, a leading logistics player in China, to develop a build-to-suit facility at Mapletree Jiaxing Logistics Park. The property comprises two blocks of high quality, single-storey warehouses with ancillary offices. It spans a GFA of 35,735 sqm with complete amenities to support the freight distribution businesses in the vicinity.

Mapletree Hangzhou Xiaoshan Logistics Park secured a lease with the logistics arm of Alibaba Group, which committed 51,368 sqm of the overall NLA of approximately 109,000 sqm. The logistics park comprises three blocks of double-storey ramp-up warehouses equipped with mezzanine offices.

Mapletree earned the Patron of the Arts Award from Singapore’s National Arts Council for the second time. The award celebrates and recognises organisations and individuals who have contributed significantly towards the development of the arts.

Viva Costa, the residential component of Mapletree Ningbo Mixed-Use Development in China, received approximately 700 visitors on the first day of its marketing launch. A total of 311 units were launched and nearly 90% were sold within two months.

In conjunction with SC VivoCity’s first anniversary, the mall donated VND500 million (~S$30,65) to Operation Smile Vietnam to support the medical needs of 100 underprivileged children with congenital harelip and cleft palate.

In Singapore, Mapletree completed the divestment of the office and business park components of Mapletree Business City I (MBC I) to Mapletree Commercial Trust for S$1.78 billion. With an NLA of over 1.7 million sq ft, MBC I has enjoyed strong demand from a strong and diverse tenant base consisting of reputable multinational corporations since its completion in 2010.

Mapletree Logistics Trust acquired four dry warehouse facilities in Sydney, Australia, for A$85 million (~S$87.4 million). They are fully leased to established local industry players with a weighted average lease expiry of 5.5 years with fixed annual escalations.

MJLD celebrated the groundbreaking of Mapletree Chiba New Town Logistics Centre. A multi-storey distribution facility in Chiba Prefecture, Japan, it is expected to be completed in late 2017.

Mapletree was ranked sixth in the 2016 APAC Fund Manager Guide and second among Asia-based fund managers by PERE Magazine. This ranking was based on capital raised by Asia-Pacific focused private real estate investment vehicles between January 2011 and March 2016.

Mapletree was named the Best Overall Industrial/Warehouse Developer in Singapore at the Euromoney Real Estate Awards. The awards are based on the results of an annual survey of real estate developers, advisors, financial institutions, investors and corporate end-users worldwide. Mapletree won a similar award for the Vietnam market in 2015.

Mapletree completed the divestment of Mapletree Shah Alam Logistics Park to Mapletree Logistics Trust for MYR160 million (~S$52.8 million). Comprising three blocks of single-storey multi-tenanted warehouses with mezzanine offices, this was the first logistics property that Mapletree developed in Malaysia.

In Singapore, Mapletree provided 6,000 copies of the follow-up Activity Book of “What’s Inside the Red Box?” to all participating preschools as teaching materials under the Early Childhood Development Agency’s “Start Small Dream Big 2016” initiative. This was part of the Group's efforts to commemorate Singapore’s founding Prime Minister, the late Mr Lee Kuan Yew.

Mapletree completed the divestment of Mapletree Logistics Park Binh Duong Phase 2 to Mapletree Logistics Trust (MLT) for VND339.2 billion (~S$20.6 million) in Vietnam. Comprising four blocks of single-storey multi-tenanted warehouses with mezzanine offices, this property is currently 100% occupied and is MLT’s third property in the country.

Mapletree received the Operation Excellence Award (FM Building Owner/Facility Occupier Category) from the International Facility Management Association Singapore Chapter (IFMA). This award recognises the value-creation arising from facility management strategies.

Mapletree Industrial Trust obtained the TOP for Phase One of the build-to-suit development for Hewlett-Packard Singapore, which comprises an 11-storey Hi-Tech Building with GFA of 421,000 sq ft. Phase Two of the development, comprising an eight-storey Hi-Tech Building with GFA of 403,500 sq ft, is expected to be completed in the second quarter of 2017.

Owned by Mapletree Greater China Commercial Trust, Festival Walk won the Gold Stevie^® for Corporate Social Responsibility Program of the Year – in Asia (China, Japan and Korea), as well as the Silver Stevie^® for Best Exhibition, Display, Stand or Feature at the Stevie Awards (International Business Awards).

MJLD completed the construction of Mapletree Ashikaga Logistics Centre 2, a single-storey multi-tenanted distribution facility with ancillary office in Ashikaga, Japan. This facility is adjacent to Mapletree Ashikaga Logistics Centre 1.

Mapletree marked its entry into the US student accommodation market with the acquisition of a portfolio of seven assets comprising close to 6,000 beds across six states. Mapletree now has 32 student accommodation assets in the UK and the US.

Mapletree has signed a joint venture agreement with ITOCHU, where the latter will co-invest alongside the former in 17 logistics development projects in China and Malaysia. This is in tandem with the strategic alliance which started in 2005.

VivoCity celebrated its 10^th anniversary as Singapore’s largest retail and lifestyle destination. In conjunction with the mall’s anniversary, the mall reopened its newly renovated Children’s Play Area at Level Two and launched the “Revival of Punch Buddies” marketing campaign.

Mapletree Logistics Trust (MLT) acquired four properties with a total GFA of approximately 103,517 sqm in Victoria, Australia, for A$142.2 million (~S$151.9 million). With this purchase, MLT has nine properties in the country, providing further geographical and income diversification for the Trust.

Mapletree celebrated the groundbreaking of Noda Logistics Centre in Chiba, Japan. This is a joint development with ITOCHU Corporation under the private real estate fund, MJLD.

Mapletree was ranked 8^th in the 2014/2015 APAC Fund Manager Guide, and 5^th among Asia-based fund managers by PERE Magazine.

Private real estate fund, MJOF held its final closing in January 2015 and brought total capital commitments of the fund to JPY65 billion.

Mapletree Industrial Trust obtained the Temporary Occupation Permit for its build-to-suit development for Equinix Singapore. The data centre has been awarded the prestigious BCA-IDA Green Mark (Platinum) Award for New Data Centres.

Festival Walk was named the ‘Top 10 My Favourite Mall’ and ‘Best Fashion Mall’ at the inaugural Apple Daily Mall Awards 2014.

Ahead of obtaining its occupancy certificate, Global Technology Park in Bangalore, India achieved strong pre-leasing with about half of its approximately 79,100 sqm of NLA in Phase 1 taken up by four Nasdaq-listed multinational corporations.

Private real estate fund, MJOF acquired GA Tama Building, a multi-tenanted office building with GFA of 10,398sqm, located in Greater Tokyo, Japan.

Mapletree was awarded the SG Mark Award 2015 for its Mapletree Business City II development. Awarded by Design Business Chamber Singapore, the award recognises the development's innovative and exceptional design.

Mapletree acquired its second Silicon Valley asset with the purchase of an apartment complex for US$84.0 million. The 141-unit development will cater to world-leading technology and healthcare.

Mapletree acquired its first corporate lodging/serviced apartment asset in Brisbane, Australia. Renamed Oakwood Apartments Brisbane, this is a 162-unit apartment complex with a total NLA of 6,697 sqm.

Mr Hiew Yoon Khong, Group Chief Executive Officer of Mapletree, was named “Outstanding Chief Executive Officer of the Year 2014” at the Singapore Business Awards 2015.

Mapletree Business City II was awarded the Building and Construction Authority of Singapore Universal Design Mark Gold Award under the Non-Residential (New) category.

The first phase of Global Technology Park in India, comprising two Grade A office towers, was completed. An information technology park in Bangalore, the two office towers are part of the 147,260 sqm of ready-built and build-to-suit space currently being developed over two phases.

Mapletree continued to actively build its presence in markets beyond Asia with the acquisition of Oakwood Raleigh at Brier Creek, a corporate lodging property in the US.

Mapletree made its first investment in Europe with the acquisition of an office building located in London, the UK. With a GFA of 14,684 sqm, the seven-storey building is leased on a long term basis to multinational corporation Diageo as its global headquarters.

Mapletree was awarded the BCA Green Mark Champion Award for having more than 10 buildings rated Green Mark Gold and above.

Mapletree was ranked 40^_th in the Private Equity Real Estate Top 50 by PERE magazine. This was an improvement in ranking of four places, from 44^th the year before.

VivoCity’s first AEI, which added about 15,000 sq ft of retail space, went fully operational.

Mapletree Logistics Trust acquired Dakonet Logistics Centre (renamed Mapletree Logistics Centre – Hobeob 1) in Gyeonggi province, South Korea, for KRW17.5 billion. A three-storey Grade A dry warehouse with modern specifications, it has excellent connectivity to various parts of the country.

Mapletree Greater China Commercial Trust acquired Sandhill Plaza in Shanghai, China, for RMB1,888.2 million. Comprising one 20-storey tower, seven blocks of three-storey buildings and two basement levels of car park with an overall GFA of 83,801.5 sqm, the property is located in Zhangjiang Hi-Tech Park, Pudong.

Mapletree acquired three Grade A office buildings in Sydney, Australia. Located in Macquarie Park, 118 Talavera Road is a six-storey building with three basement levels, while 22 Giffnock Avenue’s North Building has three storeys and its South Building has seven storeys with two basement levels. 1G Homebush Bay Drive is a six-storey building in Rhodes.

Japan-focused logistics development fund MJLD acquired Mapletree Ashikaga Logistics Centre 1 in Ashikaga City, Japan. Spanning a GFA of 33,984 sqm, the logistics facility is well-served by public transportation networks.

Mapletree Logistics Trust acquired Mapletree Logistics Park Bac Ninh Phase 1 in Vietnam for VND339.4 billion. Spanning approximately 54,000 sqm of GFA, it comprises three blocks of single-storey Grade A warehouses with mezzanine offices.

Mapletree signed a memorandum of cooperation with three of Singapore’s leading educational institutions, Crestar Education Group, EtonHouse International Education Group and National University of Singapore Business School. They will provide quality education facilities and resources for the international education hub component of Nanhai Business City Phase 4.

Mapletree acquired a 100-unit apartment complex in Seattle, Washington. With approximately 8,500 sqm of GFA, Oakwood Seattle South Lake Union is a 20-minute drive away from the Seattle-Tacoma International Airport.

Mapletree added Oakwood Miracle Mile to its growing portfolio of corporate lodging/serviced apartments in the US. Located in one of Los Angeles’ more densely populated areas, it offers easy access to many lifestyle amenities.

Mapletree Logistics Trust commenced the redevelopment of 76 Pioneer Road – its third redevelopment project to date. The property will be rebuilt as a five-storey ramp-up facility with modern specifications, with a 1.8 times increase in GFA to 72,000 sqm.

Mapletree Logistics Trust also made its first acquisition in Australia with the purchase of Coles Chilled Distribution Centre in Sydney. Acquired at A$253 million, the property is fully leased on a long term basis to Australian supermarket chain Coles Group Limited.

Mapletree acquired Jaya Shopping Centre, a seven-storey suburban retail mall in Selangor, Malaysia, from private fund CIMB-Mapletree Real Estate Fund 1.

Mapletree was awarded the Friend of the Arts award by the National Arts Council for its cash and in-kind contributions towards the Singapore’s arts scene.

Mapletree celebrated the grand opening of SC VivoCity, its first shopping mall in Vietnam. Located in Ho Chi Minh City, close to 90% of NLA had been taken up prior to the mall’s opening.

Mapletree acquired 53 Ord Street, a Grade A office building in West Perth, Australia. With an NLA of 6,864 sqm, the six-storey building is fully leased on a long term basis to a leading oil and gas company.

The BCA Building Energy Benchmarking Report 2015 named Mapletree Business City as one of the Top 10 Performing Office Buildings (Private), and HarbourFront Centre as one of the Top 10 Performing Buildings (Mixed Development).

Mapletree acquired a portfolio comprising three Grade A office buildings in the core UK regional cities of Manchester, Bristol and Aberdeen. The buildings are fully leased to quality tenants on a long term basis.

Mapletree Business City II’s project team garnered the Platinum award at the Building Information Modelling (BIM) Awards 2015 by BCA for implementing BIM in the project from the development’s design to construction stages.

Mapletree Industrial Trust embarked on a new AEI at its existing Kallang Basin 4 Cluster. Located at Kallang iPark, the AEI seeks to grow the trust's Hi-Tech Buildings segment further and is expected to be completed in the first quarter of 2018.

Mapletree Industrial Fund successfully divested its remaining asset. With the fund’s full realisation, Mapletree Industrial Fund achieved a 1.5 times multiple and net internal rate of return of 15.1%, attesting to the Group’s ability to deliver high returns to its investors.

Mapletree expanded its US portfolio of corporate lodging/serviced apartments with two new acquisitions in Mountain View, California, and Portland, Oregon. Located in the heart of Silicon Valley, Oakwood Mountain View is a 149-unit property spanning a GFA of 13,781 sqm while Oakwood Portland Pearl District is a 112-unit property.

Mapletree acquired 78 Waterloo Road, a Grade A office building in Macquarie Park, Sydney, Australia. Comprising an eight-storey building with two basement levels, its key tenants include major engineering and pharmaceutical companies.

Mapletree divested its 30% stake in Keppel Bay Tower to Keppel Corporation and Keppel Land as part of a share swap transaction in exchange for the latter’s 39% stake in the HarbourFront Towers.

The office cum retail property Mapletree Business City Shanghai and VivoCity Shanghai was awarded Best International Mixed-use Architecture at the International Property Awards 2015-2016.

January
Mapletree awarded the construction of the second phase of Mapletree Business City (MBC II) to Shimizu Corporation, also the main contractor for the first phase of Mapletree Business City, which was completed in 2010.

Mapletree was awarded a prime commercial site in Kwun Tong, Kowloon (Hong Kong SAR) for HK$3.769 billion.

Festival Walk was named ‘Top 10 Favourite Shopping Malls in Hong Kong’ at the ‘Shopping Mall Awards 2013’ organised by Hong Kong Economic Times and Sky Post.

February
Mapletree received a certificate of outstanding merit for its pioneering efforts as one of the first business entities to set up in Binh Duong New City, Vietnam.

Mapletree obtained the Certificate of Compliance and Completion for Jaya Shopping Centre in Malaysia following a MYR400 million transformation.

March
Mapletree received international recognition for its expertise in capital management when the 2013 Global PERE Awards named it ‘Asia Capital Raise of the Year’.

Mapletree Industrial Trust announced the acquisition of a four-storey light industrial building for approximately S$14.1 million in the Changi North Industrial Estate.

The Group celebrated the groundbreaking of Mapletree Wuxi New District Logistics Park in Jiangsu Province, China.

Mapletree Industrial Trust inked an agreement with Hewlett-Packard Singapore to develop a new build-to-suit facility at its existing Telok Blangah Cluster.

Mapletree obtained the LEED precertification Gold level by the Indian Green Building Council for Global Technology Park in Bangalore, India.

Mapletree commenced the construction of Mapletree Logistics Hub Tsing Yi, a 11-storey ramp-up Grade-A logistics facility located in Hong Kong SAR.

April
VivoCity was voted ‘Best Family-Friendly Mall’ and ‘Top 3 Best Shopping Centre (City)’ at the AsiaOne People’s Choice Awards.

Mapletree expanded into the global corporate lodging/serviced apartment business with the signing of a joint venture with Oakwood Worldwide to acquire/develop corporate lodging/serviced apartment assets. 

Mapletree acquired a 49% stake in Oakwood Asia Pacific Pte Ltd., Oakwood Worldwide’s business in Asia.

May
Mapletree celebrated the opening of its second retail development in China, VivoCity Nanhai located in Foshan, Guangdong.

Mapletree celebrated the groundbreaking of Nanhai Business City Phase 4 located in Foshan, Guangdong. The mixed-use development comprises residential and commercial components, as well as an international education hub.

June  
Mapletree Logistics Trust acquired Flex Hub, a warehouse in Iskandar Malaysia from Mapletree Industrial Fund for MYR88.5 million. The property consists of seven blocks of single- and double-storey warehouses and an office block.

Mapletree China Opportunity Fund II successfully bid for a prime mixed-use site in Ningbo City, Zhejiang province. The 8.5 hectare development will comprise residential and retail/lifestyle components as well as a medical centre.

Mapletree launched private real estate fund, MJLD, which held its first and final close with total committed capital of JPY51 billion. MJLD will primarily invest in logistics development assets in Japan.

Mapletree launched private real estate fund, MJOF, which held its first close with JPY56.5 billion in capital commitments. The fund targets high-quality office space located at the fringe of the Tokyo central business district (CBD) and within Greater Tokyo.

July
SC VivoCity achieved strong pre-leasing commitment ahead of its soft opening in April 2015. It will offer 62,000 sqm in GFA of retail space spread over five storeys.

Mapletree Logistics Trust received the Silver award for ‘Best Investor Relations’ in the REITs and Business Trusts category at the Singapore Corporate Awards 2014.

Mapletree Logistics Trust acquired Daehwa Logistics Centre (renamed Mapletree Logistics Centre- Baekam 2) in South Korea for KRW25.5 billion.

Mapletree Logistics Trust Management Ltd was named one of Singapore’s ‘Top 50 Brands’ by Brand Finance for the third year running, achieving a consistent Brand Rating score of A.

Festival Walk was the winner of the ‘Yahoo! Emotive Brand Awards’ in the shopping centre category. It is also the first mall in Hong Kong SAR to receive the award for two consecutive years.

August
Mapletree acquired a 184-unit freehold apartment complex in Sunnyvale, situated at the heart of Silicon Valley, California, marking Mapletree’s first corporate lodging/serviced apartment acquisition in USA.

September
Mapletree acquired Arca Building in Beijing, a three-storey research and development office building, located in Zhongguancun Software Park, also known as the Silicon Valley of China.

Mapletree acquired SII Makuhari Building, a 26-storey office building located in Chiba, Japan. The property is MJOF’s maiden acquisition following the private real estate fund’s first closing in June 2014.

October
Mapletree completed the divestment of Mapletree Yangshan Bonded Logistics Park and Mapletree Zhengzhou International Logistics Park to Mapletree Logistics Trust for RMB197.2 million and RMB205.6 million respectively.

Mapletree Logistics Trust Management Ltd was named Frost & Sullivan’s 2014 ‘Asia Pacific Logistics Infrastructure Developer of the Year’ for the third time.

VivoCity was recognised for ‘Outstanding Efforts in Advertising and Promotions’ at the 2014 SRA Retail Awards by the Singapore Retail Association.

Mapletree Industrial Trust Management Ltd was runner-up for the ‘Singapore Corporate Governance Award’ (REITs and Business Trusts category) at the SIAS Investor’s Choice Awards 2014.

Mapletree Commercial Trust Management Ltd was runner-up for ‘Most Transparent Company Award’ (REITs and Business Trusts category) at the SIAS Investor’s Choice Awards 2014.

November
Moody’s Investors Services upgraded Mapletree Commercial Trust’s issuer rating from Baa2 to Baa1.

Mapletree Logistics Trust acquired 190A Pandan Loop in Singapore for S$34 million. The 10,400 sqm GFA building is a four-storey purpose-built food distribution centre with chiller and freezer facilities.

VivoCity Nanhai was named the 2014 ‘Commercial Landmark in Foshan City’ and the ‘Most Influential District Shopping Mall’ by Guangzhou Daily.

Mapletree acquired a six-storey Grade-A office building, 144 Montague Road, in South Brisbane, Australia, for A$93 million. This marked Mapletree’s first acquisition in Australia.

Festival Walk was named ‘Hong Kong Consumers’ Most Favoured Shopping Mall’ and ‘Mainland Consumers’ Most Favoured Shopping Mall in Hong Kong’ at the Prestigious Corporate Brand Awards co-organised by Ming Pao and the Chinese University of Hong Kong.

December
In the inaugural Building Energy Benchmarking Report 2014 by the Building and Construction Authority of Singapore, Mapletree Business City was named one of the Top 10 Performing Office Buildings (Private), and HarbourFront Centre was one of the Top 10 Performing Buildings (Mixed Development) for their energy efficiency.

Mapletree Business City Shanghai and VivoCity Shanghai were awarded Best Chinese Futura Mega Project- Bronze at the MIPIM Asia Awards 2014.

Mapletree Logistics Trust acquired Smart Logistics Centre (renamed Mapletree Logistics Centre-Majang 1) in Gyeonggi province, South Korea, for KRW21.4 billion.

Mapletree acquired a 232-unit apartment property in Dallas, Texas (USA) for approximately USS$60 million. The property is renamed as Oakwood Dallas Uptown.

VivoCity Nanhai was named ‘Top 10 Commercial Real Estate’ by Winshang.com and ‘Top 10 Commercial Landmark’ by Pearl River Times. Pearl River Times also awarded Mayfair, the residential component of NBC Phase 1, ‘Top 10 Residential Landmark in Foshan.’

January

Mapletree celebrates the groundbreaking of South Station Enterprise City in Sanshan New City in Foshan, China, the first and largest premium business development to be built within Guangzhou South Railway Station economic circle.

Mapletree Logistics Trust makes further headway into the China market with the acquisition of Mapletree Wuxi Logistics Park (MWLP) from its sponsor, Mapletree at RMB116 million.

February

Mapletree Commercial Trust makes its maiden acquisition with Mapletree Anson, a 19-storey Grade-A premium office building strategically located within Singapore’s CBD.

Jaya Shopping Centre, a redeveloped seven storey neighbourhood mall managed by CIMB-Mapletree Real Estate Fund 1, signs agreements with 12 new anchor and key tenants prior to its soft opening scheduled in the fourth quarter of 2013.

Completed in February 2013, Menara CIMB is a 41-storey Grade-A office building with a NLA of 56,578 sqm and 10 levels of carpark. It is located at KL Sentral, Kuala Lumpur and is designed to meet the standards of Singapore’s BCA Green Mark Gold and Malaysia’s Green Building Index.

Mapletree hosts ‘Arts in the City’, a series of arts performances and arts-based workshops at Mapletree Business City that aims to bring arts to the working community.

Mapletree celebrates the topping-out of VivoCity Nanhai in Foshan, China which is scheduled to open by 1Q 2014.

Expected to be completed in 2017, the design of Marina One is unveiled in the presence of Singapore’s Prime Minister Lee Hsien Loong and the Malaysian Prime Minister Najib Razak.

March

Mapletree successfully lists its fourth REIT, Mapletree Greater China Commercial Trust on the Singapore Exchange on 7 March 2013. Priced at S$0.93 per unit, the IPO was 29.5 times subscribed and raised more than S$1.6 billion, making it the largest REIT IPO in Singapore to date.

Mapletree celebrates the groundbreaking of Mapletree Minhang Development Project in Shanghai. Spanning a total GFA of 297,000 sqm, the mixed-use commercial centre incorporates two signature Mapletree brands – Mapletree Business City and VivoCity.

Mapletree Industrial Trust signs an agreement to develop a new data centre for Equinix in Singapore. The S$108 million build-to-suit development has an estimated GFA of 385,000 sq ft and is located in Southwest Singapore within the one-north development.

April
Mapletree Commercial Trust issued S$70 million of 3.20% Fixed Rate Notes due in 2021, under its S$1 billion Multicurrency Medium Term Note Programme established in August 2012.

Mapletree Industrial Trust celebrated the groundbreaking of a S$108 million build-to-suit development for Equinix’s third International Business Exchange^TM data centre in Singapore.

VivoCity Singapore was named Best Shopping Centre by the AsiaOne People’s Choice Awards.

Mapletree acquired CentrePoint, a premier office building in Ho Chi Minh City, Vietnam.

May
Mapletree Business City garnered the BCA Universal Design Mark Gold^PLUS Award, which is a voluntary certification scheme introduced to raise the bar on Universal Design adoption in developments.

Mapletree clinched a prime site in Tsing Yi, Hong Kong SAR, for HK$1.69 billion, to develop a modern multi-storey ramp-up logistics facility.

Mapletree Greater China Commercial Trust established a US$1.5 billion Euro Medium Term Securities Programme together with issuers including Mapletree Greater China Commercial Trust Treasury Company Pte. Ltd. and Mapletree Greater China Commercial Treasury Company (HKSAR) Limited.

June
CIMB-Mapletree Real Estate Fund 2 Shariah, a Shariah-compliant private real estate fund established through Mapletree’s joint venture with CIMB in Malaysia, announced that it will commit to a total project value of MYR450 million after its first closing.

The Initial Public Offering (IPO) of Mapletree Greater China Commercial Trust beat four rivals to win the title of ‘Best Capital Raising Strategy of the Year’ at the 2013 Real Estate Investment World Asia Awards for Excellence.

July
Mapletree Logistics Trust acquired The Box Centre in Gyeonggi-do, South Korea, for KRW28.75 billion.

Mapletree completed the construction of Odawara Centre 2 in Japan, an extension of Odawara Centre 1 which was completed in January 2013.

August
Mapletree completed the construction of its sixth logistics development in China – Mapletree Zhengzhou International Logistics Park.

Mapletree China Opportunity Fund II closed at its hard cap of US$1.4 billion.

Festival Walk received the Yahoo! Emotive Brand Awards (Shopping Centre Category) 2012-2013.

September
Mapletree Anson emerged as first runner-up at the ASEAN Energy Awards 2013, in the Energy Efficient Building – New and Existing category.

October
Mapletree Industrial Trust successfully completed the development of K&S Corporate Headquarters, a build-to-suit project for Kulicke & Soffa.

Mapletree Logistics Trust Management Ltd was named Frost & Sullivan’s 2013 Asia Pacific Logistics Infrastructure Developer of the Year.

Partnering the Health Promotion Board, Mapletree Business City was named Singapore’s first ‘Healthy Workplace Ecosystem’ at the launch of the National Healthy Lifestyle Campaign 2013.

MBC II was awarded the LEED precertification Gold level for its sustainable building design.

November
Mapletree Business City Shanghai and VivoCity Shanghai gained international recognition in building sustainability, receiving the LEED Gold and Silver levels precertification respectively, marking the Group’s first LEED pre-certified overseas development.

Mapletree Benoi Logistics Hub, Mapletree Logistics Trust’s first redevelopment project in Singapore, was completed with a 100% lease commitment.

December
Mapletree Greater China Commercial Trust’s IPO was named ‘Best REIT’ at The Asset Magazine’s Triple A Regional House and Deals Awards 2013.

Mapletree clinched a prime industrial site in Singapore for S$120 million to develop a modern high-specification industrial facility with office space and a retail centre.

February

Mapletree steps up its presence in South China with plans to develop an integrated office and business park development within the Sanshan New City in Foshan, Nanhai.

March

Mapletree celebrates the groundbreaking of SC VivoCity, its first VivoCity mall in Vietnam.

April

Mapletree Logistics Trust expands its presence in South Korea with the acquisition of two cold storage warehouses for KRW63.5 billion.

May

Mapletree Business City receives international attention for sustainable design when it emerges as runner-up in the Green Building Category of the Federation Internationale des Administrateurs de Bien-Conselis Immobiliers (FIABCI) Prix d’Excellence Awards.

Mapletree is conferred the Patron of the Arts Award by the National Arts Council for its efforts to promote artistic endeavours in Singapore.

Mapletree Industrial Trust secures a S$50 million build-to-suit project for Kulicke and Soffa to develop its new global headquarters in Singapore.

June

Mapletree successfully establishes a US$3 billion Euro Medium Term Note Programme, increasing its access to the international debt capital markets outside the USA. This further diversifies and broadens Mapletree’s funding sources to support its business growth.

Mapletree Logistics Trust Management Ltd. is ranked 45th of Singapore’s Top 100 Brands by Brand Finance, a leading independent intangible asset and brand valuation consultancy, up from 110th position in 2011.

July

As the Project Manager for Marina One, Mapletree Project Management Pte Ltd celebrates the groundbreaking of the integrated development at Singapore’s new Central Business District at Marina South.

August

Mapletree expands presence in China’s logistics real estate space with the groundbreaking of Mapletree (Zhengzhou) International Logistics Park in Henan.

Mapletree Commercial Trust successfully sets up a S$1 billion Multicurrency Medium Term Note Programme and subsequently issued S$160 million in principal amount of 3.60% Medium Term Notes due 2020 under the Programme.

September

Mapletree Logistics Trust acquires Hyundai Logistics Centre in Gyeonggi-do of South Korea for KRW22.5 billion.

Mapletree Industrial Trust issues S$45 million in principal amount of 3.65% Fixed Rate Notes due 2022, the second issuance under its S$1 billion Multicurrency Medium Term Note Programme established in 2011.

Mapletree is named Best Industrial/Warehouse Developer in Singapore at Euromoney’s Real Estate Awards.

At the ASEAN Energy Awards 2012 – Energy Efficient Building Competition, HarbourFront Centre emerges winner in the Retrofitted Category, whilst Mapletree Business City is second runner-up in the New and Existing Category.

VivoCity Nanhai in South China secures its first batch of anchor tenants, with UA Cinemas and LOTUS Hypermarket signing their leases at the marketing launch of the four-storey retail mall.

January

The Building and Construction Authority (BCA) of Singapore certifies HarbourFront Centre as Green Mark Platinum under the “Existing Buildings” category – the highest rating for buildings with green features in Singapore.

April

Mapletree’s third REIT, Mapletree Commercial Trust is successfully listed on the Singapore Exchange on 27 April 2011. At S$0.88 per unit, the IPO raises a sizeable S$949.5 million, making it the largest REIT IPO in Singapore.

May

Mapletree Logistics Trust makes its largest investment in South Korea to date with the acquisition of KPPC Pyeongtaek Centre in Gyeonggi-do for KRW75.6 billion.

June

Mapletree celebrates the groundbreaking of VivoCity Nanhai, its second VivoCity mall in China.

July

Mapletree Industrial Trust acquires a portfolio of 11 properties from Singapore’s JTC Corporation for S$400.3 million. This brings the total number of MIT properties to 81 with a portfolio value of S$2.6 billion.

Mapletree makes the largest real estate transaction in Hong Kong’s history with the acquisition of Festival Walk, its first commercial property in Hong Kong SAR, for HK$19.3 billion.

October

Mapletree Business City wins the FIABCI Singapore Property Award for Sustainable Development as well as the Skyrise Greenery Award (Merit) by the Singapore Institute of Architects and National Parks Board.

Mapletree Logistics is named Asia Pacific Logistics Park Developer of the Year by top market research and consulting firm Frost & Sullivan.

VivoCity Xi’an (China), Mapletree’s first VivoCity to debut outside Singapore, officially opens its doors.

Mapletree acquires its first asset in India, Global Technology Park, a 5.3-ha IT park in Bangalore.

November

Mapletree India China Fund wins a tender to develop a mixed-use retail and office development in the Minhang district of Shanghai, China.

Mapletree commences construction of Odawara Centre 1 in Japan’s Kanagawa Prefecture under a Build-to-Suit arrangement with ITOCHU Japan.

December

The Alexandra Retail Centre (ARC), the converted retail podium of PSA Building in Singapore’s Alexandra Precinct, welcomes its first visitors.

Mapletree is ranked among the top five Consistent Performing Closed-End Private Real Estate Fund Managers by leading private equity information provider Preqin.

February

Mapletree India China Fund acquires Beijing Gateway Plaza, a premium office development in Beijing’s Chaoyang District.

March

Mapletree acquires IXINAL Monzen-Nakacho Building, its first industrial asset in Japan from ITOCHU Japan.

June

Mapletree Logistics Trust establishes its presence in Vietnam by acquiring Mapletree Logistics Centre, a single-storey multi-tenanted logistics and warehousing facility with mezzanine offices at the Vietnam Singapore Industrial Park in Binh Duong province.

July

Nanhai Business City (China) launches the first phase of Mayfair, a residential component of the integrated development, with all 270 apartment units fully sold.

August

The residential component of Future City in Xi’an comprising over 800 apartments is completed.

October

Mapletree Industrial Trust is successfully listed on the Singapore Exchange on 21 October. The IPO raises S$1.19 billion, making it Singapore’s largest REIT IPO in 2010 with an initial portfolio of 70 properties valued at S$2.1 billion.

December

Phase 1A of Mapletree Business City @ Binh Duong (Vietnam) comprising five units of ready-built industrial space, a Build-to-Suit data centre and supporting infrastructure is completed.

Alexandra Retail Centre (ARC) at PSA Building is conferred BCA’s Green Mark Gold Award.

February

Tata Communications appoints Mapletree Industrial Fund to develop Tata Communications Exchange, a new generation data centre in Singapore. The building’s sustainable features garner it the Leadership in Energy Environmental Design (LEED) Gold Award (commercial interiors) and the BCA’s Green Mark Gold Award.

Mapletree celebrates the topping-out of Mapletree Anson, a 19-storey prime office building in Singapore’s Central Business District.

April

Mapletree partners the Saigon Co.op group to develop Saigon South Place complex, its first mixed-use development in Ho Chi Minh City, Vietnam.

May

VivoCity is conferred BCA’s Universal Design (Silver) Award. The award promotes universal design that provides good accessibility and connectivity, catering to the needs of different user groups. Three other developments – Mapletree Anson, Mapletree Business City and Bank of America Merrill Lynch HarbourFront – are given Green Mark awards.

July

Mapletree Industrial Fund acquires its first asset in Japan. The Sun East Shinonome Building in Tokyo is a light industrial building located in the district of Shinonome in Koto Ward.

VivoCity receives the highest five-star award and is named Regional Winner for Best Retail Development at the 2009 CNBC Asia Pacific Property Awards. Mapletree Business City is awarded four stars in the Best Redevelopment category, while Bank of America Merrill Lynch HarbourFront receives four stars for Best Architecture Design.

August

Mapletree Industrial Fund acquires its first industrial asset in China, an industrial park located within the Shanghai Baoshan Industrial Zone.

September

Mapletree Business City, Mapletree’s flagship office and business park development in Singapore’s Alexandra Precinct, is completed.

November

Mapletree breaks ground for Phase 1 of Nanhai Business City, its first commercial mixed-use project in China under the Mapletree India China Fund. The planned 42-ha mixed-use development is located in Foshan City of Guangdong province.

December

Mapletree and ITOCHU sign an MOU to develop US$300-500 million worth of Build-to-Suit development projects for logistics tenants in Japan.

March

Mapletree begins development works for Mapletree Business City (Singapore), its flagship office and business park project in Singapore’s Alexandra Precinct.

April

Mapletree India China Fund, a total return fund to invest in and develop commercial, residential and mixed-use real estate in China and India, secures US$600 million in committed capital. Future City, an integrated mixed-use development in Xi’an, is one of its seed assets.

May

Mapletree India China Fund jointly develops Nanhai Business City with a local partner. The mixed-use development located in Nanhai District of Foshan City, Guangdong Province, is Mapletree’s first integrated project in South China.

July

Mapletree and Arcapita jointly form a private fund, Mapletree Industrial Trust, to acquire 64 properties in the first tranche of JTC’s divestment, for S$1.71 billion.

Construction commences on the Mapletree Shah Alam Logistics Park, its first logistics park development in Malaysia.

Mapletree is conferred first and runner-up status in Euromoney’s Liquid Real Estate Awards for Investment Management in Vietnam and China respectively.

August

Mapletree India China Fund’s final closing raises US$1.157 billion.

September

Mapletree India China Fund acquires Motorola Tower, a Grade-A office building in Beijing’s CBD, and renames it Mapletree Tower.

October

Mapletree announces its plan to develop Mapletree Business City @ Binh Duong, a 75-ha industrial and business park development in the new City Centre of Binh Duong Province in South Vietnam.

The 68-ha Mapletree Binh Duong Logistics Park in Vietnam is completed.

January

Mapletree Industrial Fund, a private real estate fund focused on investing in industrial assets in Asia, completes its initial closing, securing US$310 million in committed capital, with Bahrain-based Ahli United Bank’s AUB Pan Asian Industrial Fund as a cornerstone investor.

February

Mapletree acquires a 10-ha site in the Malaysia Shah Alam industrial estate to develop the Mapletree Shah Alam Logistics Park, its first logistics park in Malaysia.

July

Mapletree enters a joint venture to develop Future City, its first mixed-use project in China. The 200,000-sqm development, comprising four residential towers and a VivoCity retail mall, is located in Xi’an, the capital city of Shaanxi Province.

August

Mapletree scales up in Vietnam by announcing its plans to develop Bac Ninh Logistics Park, its third logistics park in Vietnam.

Mapletree partners a leading local port operator to develop Mapletree Tianjin Port HaiFeng Bonded Logistics Park in the Dongjiang Bonded Harbour Area in Tianjin Port – its fourth logistics development in China.

November

Mapletree partners Indonesian property group Lippo Karawaci to list and co-manage Lippo-Mapletree Indonesia Retail Trust (LMIRT), which holds a portfolio of Indonesian malls and retail spaces. Mapletree subsequently divests its interest in LMIRT in 2011.

March

Mapletree acquires its first property for Mapletree Industrial Trust – an industrial building at Changi South, Singapore.

Mapletree enters the China market by inking an agreement with Lingang International Logistics Development Co. Ltd to invest in warehousing space in Lingang Free Port, Shanghai.

July

The Beacon, Mapletree’s first residential development is launched. The 99-year leasehold project, located along Singapore’s Cantonment Road, is fully sold out within a month of its launch.

November

Mapletree celebrates the groundbreaking of Merrill Lynch HarbourFront, its premium office development in Singapore’s Harbourfront Precinct. The building is pre-leased to global investment bank Merrill Lynch and is later renamed Bank of America Merrill Lynch HarbourFront.

December

VivoCity Singapore is officially opened on 1 December. Offering a vibrant mix of retail and lifestyle concepts, the mall is one of Singapore’s most popular retail and lifestyle destinations.

St James Power Station, Singapore’s largest one-stop multi-concept entertainment hub located next to VivoCity, officially opens its doors.

April

Mapletree’s maiden private real estate fund, Real Estate Mezzanine Fund 1, is set up with a committed capital of S$90 million to invest in property-linked mortgage and mezzanine loans in Asia.

July

Mapletree lists its first real estate investment trust, Mapletree Logistics Trust, on the Singapore Exchange. The Asia-focused logistics real estate investment trust has an initial portfolio of 15 assets in Singapore valued at S$422 million.

September

Mapletree enters the Vietnam market with the development of the US$110 million Mapletree Binh Duong Logistics Park within the Vietnam Singapore Industrial Park II near Ho Chi Minh City.

November

Mapletree enters the Japan market by partnering ITOCHU in logistics and industrial real estate projects throughout Asia.

December

Mapletree and CIMB launch CIMB-Mapletree Real Estate Fund 1, securing a committed capital of RM327 million after its first closing. The private real estate fund invests directly in development and/or investment assets, real estate investment products and listed real estate securities.

January

Mapletree begins construction of VivoCity. Designed by renowned Japanese architect Toyo Ito, the 1.5 million sq ft development is envisioned to be a prime retail and lifestyle destination mall in Singapore’s HarbourFront Precinct.

May

Mapletree acquires its first logistics asset, the TIC Tech Centre in Singapore.

November

CIMB Mapletree Management Berhad, a partnership between Mapletree and CIMB, is established to develop and manage private real estate funds focused on the Malaysia market.

February

Mapletree reopens revamped World Trade Centre as HarbourFront Centre. The revamp is one of the first important steps taken by Mapletree to transform the old Maritime Square into the thriving HarbourFront Precinct in Singapore today.

December

Mapletree Investments is established to hold non-port properties transferred from PSA Corporation to Temasek Holdings.