Temasek-backed Mapletree evaluating India office Reit listing: sources
It has held talks with banks to put four of its office parks into a real estate investment trust, they add
Mapletree Investments, a Singapore investment agency backed by Temasek Holdings, is exploring the idea of listing a portion of its Indian office portfolio through a real estate investment trust (Reit). According to sources familiar with the matter, the company is in discussions with banks to include four of its office parks in the proposed Reit.
The buildings are jointly owned by Mapletree, Canadian pension fund Caisse de dépôt et placement du Québec, and Temasek, which holds a 20% stake in them. The new trust could potentially raise up to S$600 million by selling shares at a valuation of approximately S$2.5 billion. The listing discussions are still in their preliminary stages, with a potential listing date set for mid-to-late 2027 in Mumbai.
Despite the ongoing concerns about artificial intelligence potentially reducing the need for office space, investor interest in Reits has been on the rise.
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.
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- Temasek-backed Mapletree evaluates India office Reit listing businesstimes.com.sg
