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Mapletree to beef up recurring income, invest in new markets

Net profit for FY16 down 3.8% at S$965.2m due to lower revaluation gains

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Last month, Mapletree paid more than £500 million (S$1 billion) for Green Park, a 79-hectare, freehold business park in Reading, UK.

Singapore

MAPLETREE Investments, which reported a 3.8 per cent drop in net profit to S$965.2 million for the fiscal year ended March 31, 2016, is looking to further beef up its recurring income streams and invest in new markets.

These are markets where Mapletree has entered of late

sentifi.com

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