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An update from Mapletree Pan Asia Commercial Trust ( (SG:N2IU) ) is now available.
Mapletree Investments and Mapletree Pan Asia Commercial Trust have appointed SP Group to design, build and operate a distributed district cooling system across five interconnected properties in Singapore’s HarbourFront precinct, including VivoCity and several office buildings. The large-scale brownfield deployment will replace individual chillers with a shared cooling network, freeing up space in each property, improving energy efficiency by an estimated 8% above national minimum standards, cutting cooling-related costs by more than 5% annually, and reducing carbon emissions by about 13,700 tonnes over 20 years, reinforcing Mapletree’s longer-term Net Zero commitment and delivering operational and sustainability benefits to tenants and investors.
The most recent analyst rating on (SG:N2IU) stock is a Hold with a S$1.50 price target. To see the full list of analyst forecasts on Mapletree Pan Asia Commercial Trust stock, see the SG:N2IU Stock Forecast page.
More about Mapletree Pan Asia Commercial Trust
Mapletree Pan Asia Commercial Trust is a Singapore-based real estate investment trust with a portfolio focused on commercial and retail properties, including flagship assets such as VivoCity and office towers in the HarbourFront precinct. The trust, alongside its sponsor Mapletree Investments, targets sustainable, energy-efficient enhancements across its properties to strengthen long-term asset value and operating performance in key Asian markets.
Average Trading Volume: 6,208,413
Technical Sentiment Signal: Buy
Current Market Cap: S$7.76B
Learn more about N2IU stock on TipRanks’ Stock Analysis page.