Mapletree Investments' full-year profit up 14.3%

Singapore

MAPLETREE Investments, which on Wednesday posted double-digit growth in earnings and assets under management (AUM) for the fiscal year ended March 31 (FY2015), said that another five developments will come onstream over the next four years.

The Temasek unit is also in the process of securing more assets through acquisitions; its pipeline comprises its fifth corporate lodging or serviced apartment asset in the US, its first office building in London and three more office assets in Australia.

"Our plan is to remain focused on delivering consistent and high returns and profits as we continue scaling our business," said Mapletree group chief executive Hiew Yoon Khong. "Going forw…