Under the terms of the deal, Arcapita will own 56.5 per cent of Mapletree Industrial Trust (MIT). Mapletree Investments will own 25.1 per cent and will continue to manage the portfolio. Another private pan-Asian real estate fund will own the remainder of MIT.
The deal is Arcapita’s first in Singapore after establishing an office there earlier this year.
The property portfolio includes factories, business parks and warehouses.
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