Mapletree Industrial Trust's property at Changi Business Park, the Signature. (Photo: REITsWeek)

DBS Bank has acquired 5 million units of Singapore-listed industrial REIT, Mapletree Industrial Trust.

The units were acquired via a private placement exercise that was launched by the REIT in October 2017.

Mapletree Industrial Trust first announced on 24th of October that it was conducting a private placement of up to 81,968,000 new units including an upsize option, to raise no less than SGD150 million.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.