About The Manager
MPACT is managed by MPACT Management Ltd., a wholly-owned subsidiary of Mapletree Investments Pte Ltd (the “Manager”). The Manager’s main responsibility is to manage MPACT’s assets and liabilities for the benefit of Unitholders.
The Manager is also responsible for setting the strategic direction of MPACT on the acquisition, divestment and/or enhancement of assets of MPACT in accordance with its stated investment strategy. The key financial objectives of the Manager are to provide Unitholders of MPACT with a relatively attractive rate of return on their investment through regular and stable distributions, and to achieve long-term stability in Distribution per Unit and Net Asset Value per Unit, while maintaining an appropriate capital structure for MPACT.
Our Investment Strategy
The Manager aims to provide unitholders of MPACT (“Unitholders”) with a relatively attractive rate of return on their investment through regular and steady distributions, and to achieve long-term stability in Distribution per Unit (“DPU”) and Net Asset Value (“NAV”) per Unit, while maintaining an appropriate capital structure.
We are committed to creating value through our “4R” Asset & Capital Management Strategy:
Recharge, Refocus, Reconstitute and Resilience.
Recharge
Refocus
Reconstitute
Resilience
To drive organic growth and long-term sustainable returns, the Manager works closely with the asset and property managers to maintain stable rental income and high occupancy levels, and to improve assets’ performance
To achieve this, the Manager will:
- Adopt a proactive leasing and marketing strategy;
- Secure quality tenants and continually diversify tenant base;
- Foster strong understanding with tenants to achieve high tenant retention;
- Deliver high standards of services and solutions;
- Improve overall costs and operational efficiencies;
- Incorporate sustainability initiatives;
- Realise assets’ potentials through asset enhancement initiatives (“AEI”) and redevelopment opportunities; and
- For the retail properties – curate refreshing retail concepts, optimise tenant mix, and rejuvenate and reconfigure retail space where appropriate.
To achieve this, the Manager will assemble a quality portfolio to deliver attractive cash flows and yields relative to MPACT’s weighted average cost of capital, and capture opportunities for future and capital growth. The portfolio will comprise a core component of assets that will ensure MPACT’s stability.
The Manager will focus on adding office and office-like business park assets anchored by quality tenants in high growth sectors.
In evaluating acquisition opportunities, the Manager will be guided by investment criteria such as value accretion, yield thresholds, quality, as well as sustainability-related risks and opportunities of the asset.
To achieve this, the Manager will undertake selective strategic divestments of lower-yielding assets at opportune times, and redeploy divestment proceeds into higher-yielding quality properties or other asset enhancements and redevelopment opportunities to enhance overall portfolio returns.
In evaluating capital recycling opportunities, the Manager will consider prevailing market conditions and longer-term trends and seek to achieve an overall balance of risk and returns at the portfolio level.
The Manager intends to hold acquired properties on a long-term basis.
The Manager adopts a comprehensive capital management strategy to ensure a healthy balance sheet that maximises liquidity and minimises risks, while optimising overall costs of financing.
The Manager adopts a comprehensive capital management strategy to ensure a healthy balance sheet that maximises liquidity and minimises risks, while optimising overall costs of financing.
- Employ an appropriate capital structure, including a suitable mix of debt and equity;
- Secure access to diversified funding sources;
- Explore ways to optimise cost of financing; and
- Implement appropriate hedging strategies to mitigate the effects of fluctuations in interest and foreign currency exchange rates.