Tue, Sep 30, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

Bahrain’s Arcapita says got $435 mln from Mapletree IPO

Posted on 26 October 2010

From Reuters: Bahraini investment house Arcapita said on Monday it made a return of 10 to 12 percent on its exit of property firm Mapletree Industrial Trust, which listed last week. Mapletree’s 940 million Singapore dollars ($722 million) initial public offering (IPO) in Singapore last week was among a string of successful IPOs of property assets in Asia recently, which also included the US$3 billion listing of Singapore wealth fund GIC’s logistics unit GFLP
Arcapita said in a statement the IPO had generated exit proceeds of US$435 million for the firm and its investors. “For stabilised real estate assets, we typically target an IRR (internal rate of return) of between 10 and 12 percent, and the return on this investment is within this range,” a spokesman for Arcapita told Reuters…………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 14845 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
September 2014
M T W T F S S
« Aug    
1234567
891011121314
15161718192021
22232425262728
2930