Temasek-backed Mapletree evaluates India office Reit listing
It is said to have held talks with banks to put four of its office parks into a Reit
Singapore's Temasek-backed Mapletree Investments is considering listing a portion of its Indian office properties through a real estate investment trust (Reit). The company has held discussions with banks to include four of its office parks in the proposed Reit, aiming to capitalize on the increasing investor interest in commercial properties.
Mapletree, along with Canadian pension fund Caisse de dépôt et placement du Québec, holds a 40% stake in the buildings, which include properties in Mumbai, Chennai, Pune, and Bengaluru. In 2025, Temasek increased its stake to 20% in these properties.
A potential Reit could raise up to S$600 million (US$469 million) by selling shares at a valuation of approximately S$2.5 billion. The discussions are still in the preliminary stage, and investors are still finalizing the deal details. The target for listing is expected to be in mid-to-late 2027 in Mumbai. Mapletree, Temasek, and La Caisse have not commented on the matter.
The demand for office space in India is rising as global and local firms expand their presence in the country. Despite concerns about artificial intelligence potentially reducing the need for office space, investor interest in Reits remains strong, as seen in the recent successful listing of Bagmane Prime Office Reit through an India listing in May.
Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
