Homebush Bay Sydney
In 2019, Sinarmas Land Limited (“SML”) invested A$40 million into Mapletree Australia Commercial Private Trust (MASCOT). MASCOT is a commercial-focused private fund fully invested at closing with an aggregate committed capital of approximately A$654 million. The portfolio features 10 high quality Grade A office assets with high occupancy and diversified tenant base that are strategically located in key Australian gateway cities namely- Sydney, Melbourne, Adelaide, Brisbane and Perth. The net lettable area of the portfolio stands at approximately 160,000 square metres with total asset value of about A$1.4 billion as at 31 March 2020.
Mapletree Investments Pte Ltd (“Mapletree” or “the Group”) is the sponsor of MASCOT with a 27% stake in the Trust. MASCOT is managed by Mapletree Real Estate Advisors Pte. Ltd. (MREAL), a wholly-owned subsidiary of Mapletree.
The commitment in MASCOT marks our first investment exposure into Australia and signifies the start of our relationship with Mapletree.
1G Homebush Bay Drive is a Grade A office building located in Rhodes, Sydney. The six-storey building has a total NLA of 12,155 sqm. It has large floor plates ranging 1,850 sqm to 2,150 sqm and a NABERS energy rating of 4.5 stars.
For more information about MASCOT and Mapletree :
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