Key Takeaways
- • Mapletree Investments, the Temasek-owned property investor, could launch an initial public offering in Singapore as early as 2027, according to The Business Times, citing sources.
- • Mapletree has begun appointing banks and legal advisers for a potential listing, per the same report.
- • The possible listed entity could be valued at about S$5 billion ($3.9 billion), a figure the report says remains unverified.
- • The potential listing follows the collapse of merger talks between Mapletree and CapitaLand Investment, another Temasek-backed real estate group.
- • Mapletree had S$76.2 billion in assets under management as of March 31, according to the report.
Summary
Mapletree Investments, the property investor owned by Singapore state investor Temasek, could launch an initial public offering in Singapore as early as 2027, The Business Times reported on Friday (Oct. 30), citing sources. The newspaper said the company has begun appointing banks and legal advisers for a potential listing.
A Mapletree spokesperson declined to comment on the reports when queried by Reuters. "As a matter of policy, we do not comment on market rumours. Any material information, should it arise, will be communicated through the appropriate channels," the spokesperson said.
The potential listing follows the collapse of talks over a possible merger between Mapletree and CapitaLand Investment, another Temasek-backed real estate group, according to the report. The Business Times said the possible listed entity could be valued at about S$5 billion ($3.9 billion), though that figure remains unverified. Mapletree had S$76.2 billion in assets under management as of March 31, the report said.
A Mapletree spokesperson declined to comment on the reports when queried by Reuters. "As a matter of policy, we do not comment on market rumours. Any material information, should it arise, will be communicated through the appropriate channels," the spokesperson said.
The potential listing follows the collapse of talks over a possible merger between Mapletree and CapitaLand Investment, another Temasek-backed real estate group, according to the report. The Business Times said the possible listed entity could be valued at about S$5 billion ($3.9 billion), though that figure remains unverified. Mapletree had S$76.2 billion in assets under management as of March 31, the report said.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.