Ord Street Perth
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.
53 Ord Street is a Grade A fringe office building in West Perth, Australia. Completed in 2002, the five–storey building has a basement car park and two levels with external decks. It is within close proximity to Perth's CBD. A NABERS rating of 2.5 stars has been achieved.
For more information about MASCOT and Mapletree :
24/7 security services