Mapletree APAC Logistics Development Fund

pending

 Mapletree Investments Pte Ltd (“Mapletree”) is a global real estate development, investment, capital and property management company headquartered in Singapore. Mapletree will be establishing a private fund platform   (the “Fund”) for the development, construction, and operations of modern logistics warehousing assets in India, Malaysia, and Viet Nam to start with. The proposed IFC project is a senior green loan facility of up to US$600 million to subsidiaries of the Fund, consisting of (i) an A Loan of up to US$250 million from IFC to Vietnamese project companies; and (ii) parallel loan mobilization of up to US$350 million from parallel lender to Indian project companies. The projects to be funded in Viet Nam are already identified, including eight pipeline sites – 2 in Bac Giang, 3 in Hung Yen, and 3 in Dong Nai  provinces, whereas in India, four pipeline sites – 1 in Bangaluru, 1 in Mumbai and 2 in Chennai  have been identified (altogether, will be referred as sub-projects). All warehouses in Viet Nam are expected to be within industrial parks while all sites in India are in established industrial warehousing locations.