Mapletree aims to double AUM: CEO
Five-year target of S$40-50b comes amid move to diversify beyond Asia, because regional real estate markets are at "bubbling stage"
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Singapore
MAPLETREE Investments is shooting for a doubling of assets under management (AUM) to S$40-50 billion over a five-year period to March 31, 2019 as it scours for opportunities beyond its core Asian markets.
Chief executive Hiew Yoon Khong stressed, however, that size was not the end-game. The Temasek unit is gunning for sustainable returns as it maintains its target of an average return on invested equity (ROIE) at 10-15 per cent. It also hopes to achieve compounded growth of 10-15 per cent for net asset value over the five-year period.
