Private market platform iSTOX has announced a digital securities issuance that gives individual accredited investors partial access to Mapletree Investment’s (Mapletree) latest office fund, Mapletree Europe Income Trust (MERIT).
The trust, which targets a 12 percent internal rate of return, will be managed by Singapore-based Mapletree Real Estate Advisors, a wholly-owned subsidiary of Mapletree. MERIT will be Mapletree’s 11th private equity fund and the fourth in a series of fully seeded funds that are invested in real estate sectors such as Australia commercial, Europe and U.S. logistics, as well as student accommodation in the United States and United Kingdom. With €507 million ($604 million) in total fund equity, MERIT is fully invested at closing and consists of seven grade A office properties totaling approximately 270,000 square meters (2.9 million square feet) at a total asset value of €1.2 billion ($1.4 billion). The Trust has a term of five years with provisi
