DELL SINGAPORE RENEWS AT THE STRATEGY
Mapletree Industrial Fund Management Pte Ltd (“MIFM”) is pleased to announce that Dell Singapore Pte Ltd has renewed its lease at The Strategy in International Business Park for another 3 years. With this renewal, Dell continues to be one of the largest tenants in the Mapletree Industrial Trust (“MIT”) portfolio.
Dell Singapore Pte. Ltd. engages in the design, development, manufacture and markets computer systems and services. The company offers various products, including desktop computer systems and workstations; mobility products, such as notebook computers, mobile workstations, MP3 players, and handhelds; software and peripherals that consist of printers and displays, projectors, peripheral products, software titles, notebook accessories, networking and wireless products, digital cameras, power adapters, scanners, and other products; servers and networking products; and storage devices.
Dell Singapore Pte. Ltd. operates as a subsidiary of Dell Inc.
Dell Singapore Pte. Ltd has expanded rapidly since opening office at The Strategy in early 2005. MIFM will continue to work closely with Dell Singapore Pte. Ltd for its future space requirements.
HITACHI GLOBAL ASIA RENEWS
Hitachi Global Asia has recently renewed its lease at Mapletree Industrial Trust’s (“MIT”) Kaki Bukit property cluster for another 3 years. With this renewal, Hitachi Global Asia continues to be the largest tenant in the MIT portfolio of 27 property clusters.
Hitachi Global Asia is one of four regional headquarters for Hitachi’s worldwide operations, the other three being North America, Europe and China. Established in 1989, Hitachi Global Asia operates in 11 offices across 7 Asian countries (India, Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam). Hitachi Global Asia drives Hitachi’s sales and marketing operations in Asia in market sectors such as information systems, power and industrial systems, digital media systems, consumer products and international procurement. With a customer-driven philosophy, the company constantly delivers innovative solutions to meet the sophisticated demands of its customers.
Hitachi Global Asia has been in the Kaki Bukit cluster since late 2002 and Mapletree Industrial Fund Management Pte Ltd hopes to continue working with Hitachi Global Asia as a strategic partner for more good years to come.
CREDIT SUISSE AG RENEWS AT THE SIGNATURE
Credit Suisse AG has renewed its lease at The Signature in Changi Business Park for another 3 years. With its renewal, Credit Suisse AG is one of the largest tenants in the Mapletree Industrial Trust (“MIT”) portfolio. It is also a major tenant in The Signature, having set up office here since the completion of the building in early 2004.
Founded in 1856, Credit Suisse can call upon a long tradition and many years of experience in the banking business. It provides companies, institutional clients and high-net-worth private clients worldwide, as well as retail clients in Switzerland, with advisory services, comprehensive solutions, and excellent products. Credit Suisse is active in over 50 countries and employs more than 47,000 people from approximately 100 different nations.
Mapletree Industrial Fund Management Pte Ltd (“MIFM”) as the Manager for MIT values Credit Suisse AG as a important and strategic partner and will continue working towards a good relationship with regards to their real estate needs.
About Mapletree Industrial Trust (“MIT”)
MIT is a private real estate fund sponsored by Mapletree that was set up to hold the S$1.71 billion portfolio of high-rise, ready-built industrial properties acquired from JTC Corporation (“JTC”) on 1 July 2008. They comprise 39 blocks of flatted factories, 12 amenity centres, six stack-up and one ramp-up buildings, three multi-tenanted business park buildings (the Synergy & the Strategy at the International Business Park and the Signature at the Changi Business Park) and one warehouse building. Mapletree’s wholly-owned subsidiary, Mapletree Industrial Fund Management Pte Ltd, is the manager of the properties.