DBS acquires 5 million units of Mapletree Industrial Trust

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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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About Author

Ridzwan Rahmat has been analysing Singapore-listed REITs and business trusts, since 2008. For disclosure purposes, Ridzwan is currently vested in Mapletree Greater China Commercial Trust, Mapletree Industrial REIT and Mapletree Logistics Trust.

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