Arcapita acquires $1.3 billion Singapore real estate portfolio
| By: Staff Writer |
Portfolio is made up of industrial properties, including 39 blocks of flatted factories, 12 amenity centers and three multi-tenanted business park buildings.
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Bahrain-based Arcapita Bank and Mapletree Investments, a Singapore-based real estate company, have announced the completion of agreements to become joint venture partners in Mapletree Industrial Trust (MIT), a private real estate fund which holds a $1.3 billion portfolio of high-rise, ready-built industrial properties in Singapore.
