Mapletree Investments group CEO Hiew Yoon Khong was formerly a non-executive director of Mapletree’s REITs. He stepped down from MPACT’s board following the completion of its merger.
Mapletree Investments’ managed assets made up some 77.7% of its $77.42 billion in assets under management (AUM) as at March 31. This means some $60.18 billion in assets are held under the group’s three Singapore-listed REITs and eight private real estate funds.
Just over a year ago, Mapletree counted four REITs in its stable. The merger between Mapletree Commercial Trust and Mapletree North Asia Commercial Trust, announced in December 2021 and completed in June 2022, birthed Mapletree Pan Asia Commercial Trust (MPACT). (SGX:N2IU
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