New IPO News | Mapletree Capital said to be planning Singapore listing, expected to raise S$1 billion

Citing informed sources, the report said Temasek-backed Mapletree has selected Citigroup, DBS and Morgan Stanley to assist with the Singapore listing, which is expected to raise about S$1 billion (approximately HK$6.13 billion). The sources said the company manages three Singapore-listed real estate investment trusts (REITs) and nine private real estate funds, with portfolios across Asia-Pacific, Europe, the UK and the US. As of the end of March this year, its assets under management totaled about S$76.2 billion, comprising approximately 881 properties across 13 markets, including Festival Walk, Vertex and Mapletree Tsing Yi Logistics Hub in Hong Kong. For the 2028 to 2029 fiscal years, the company targets an average return on invested equity and average return on equity of between 9% and 12%.