Mapletree Industrial Trust expands investment mandate

The mandate will be effective by 26 October 2017.

Mapletree Industrial Trust (MINT) gets rid of its Singapore "pure-play" status after it expanded its investment mandate.

According to DBS, MINT will include overseas income-producing real estate primary for data centre use.

The mandate will be effective by 26 October 2017.

MINT has identified targets in the Asia Pacific region, Europe, and the US, which offer advanced infrastructure support and global connectivity.

DBS analysts Derek Tan and Mervin Song said, "Supported by strong government support (including intellectual property rights and data sovereignty) and a pro-business environment, we believe that there will be opportunities for MINT to establish a meaningful presence there."

The trust can also tap its sponsor Mapletree Investments for a richer international investment background.

MINT said the overseas data centres could comprise 20% of aggregate assets at $0.6b.