---
title: S-REITs - Week 50 - 2023
description: Discover the latest updates in the S-REIT market in our weekly recap. Highlights include Manulife US REIT's strong shareholder support and Mapletree Logistics Trust's expansion in India. Read more for valuable insights.
---

[Guiding You On REITs](https://reitsavvy.com/insights)

# [S-REITs - Week 50 - 2023](https://reitsavvy.com/insights/s-reits-week50-2023)

 Written by [REITsavvy Team](https://reitsavvy.com/insights/author/reitsavvy-team) | Dec 17, 2023 2:00:00 AM

Announcement by Manulife US REIT, Mapletree Logistics Trust, Lippo Malls Indonesia Retail Trust, Digital Core REIT, CapitaLand Integrated Commercial Trust

**S-REITs Recap - Week 50**

**11 Dec - 17 Dec 2023**

| **Manulife US REIT** |
| --- |
| **( YTD: -72.33% )** **\*Results from EGM\*** |
| The voting results for all 3 resolution has receive strong support from shareholders. Resolution 1 (Passed) To approve the Proposed Divestment of the property known as Park Place located at 1650 & 1700 South Price Road, Chandler, Arizona, United States 85286, at a divestment consideration of US$98.7 million as an interested person transaction. FOR - 97.74% AGAINST - 2.26% Resolution 2 (Passed) To approve the proposed Sponsor-Lender Loan granted by The Manufacturers Life Insurance Company or an affiliate, as an interested person transaction. FOR - 97.55% AGAINST - 2.45% Resolution 3 (Passed) To approve the proposed adoption of the Disposition Mandate to authorise the disposal of any one or more of the Existing Properties. FOR - 98.07% AGAINST - 1.93% For more details please refer to this[ link](https://investor.manulifeusreit.sg/newsroom/20231214_191917_BTOU_5ZE73R4GZTZO1EVD.1.pdf) Explore further insights from our perspectives to gain a deeper understanding of the decision. [https://reitsavvy.com/insights/qna-with-manulife-recapitalisation-plan](https://reitsavvy.com/insights/qna-with-manulife-recapitalisation-plan) |

| **Mapletree Logistics Trust** |
| --- |
| **( YTD: +6.92% )** |
| Expansion of Mapletree Logistics Trust's Footprint in India through Newest Acquisition - A newly completed modern Grade A warehouse with high quality building specifications - Strategically located in Farukhnagar, a prime logistics market with excellent connectivity to Delhi - 100% leased to a leading domestic 3PL operator with long lease of 8 years For further information, please click [here](https://www.mapletreelogisticstrust.com/~/media/MLT/Newsroom/Press%20Releases/2023/20231213-MLT-PR_India%20Acquisition.pdf) Full Presentation slides [here](https://www.mapletreelogisticstrust.com/~/media/MLT/Newsroom/Announcements/2023/Dec/20231213-MLT-PPT_India%20Acquisition.pdf) |

| **Lippo Malls Indonesia Retail Trust** |
| --- |
| **( YTD: -40.00% )** |
| COMMENCEMENT OF TENDER OFFERS AND CONSENT SOLICITATION EXERCISES BY LMIRT CAPITAL PTE. LTD. Reference is made to: (a) the USD 250,000,000 7.25% Senior Notes Due 2024 issued by the Company on 19 June 2019 pursuant to an indenture dated 19 June 2019 (the “2024 Notes”); and (b) the USD 200,000,000 7.500% Senior Notes Due 2026 issued by the Company on 9 February 2021 pursuant to an indenture dated 9 February 2021 (the “2026 Notes”, and together with the 2024 Notes, the “Notes”). For further information, please click [here](https://lmir.listedcompany.com/newsroom/20231215_172253_D5IU_GH9UH4TFA9SBM213.1.pdf) |

| **Digital Core REIT** |
| --- |
| **( YTD: +13.64% )** |
| Digital Core REIT continues to repurchase its units For further information, please click [here](https://s28.q4cdn.com/669718746/files/doc_news/2023/11/Share-Buy-Back-Daily-Share-Buy-Back-11-DEC-2023.pdf) |

| **CapitaLand Integrated Commercial Trust** |
| --- |
| **( YTD: +1.47% )** |
| CAPITALAND INVESTMENT LIMITED lease space from CapitaLand Integrated Commercial Trust CapitaLand Investment has obtained a 9 years, 11-month lease for an additional 9,720 square feet at Capital Tower in Singapore from CapitaLand Integrated Commercial Trust. Starting on Feb. 16, 2024, the lease entails an estimated SG$11 million payment to CapitaLand Integrated Commercial Trust, with an option for CapitaLand Investment to extend for five more years. For further information, please click [here](https://investor.cict.com.sg/newsroom/20231212_182528_C38U_P7I7KO8R71QIOPPF.1.pdf) |

| **Catch Kenny Loh on Money FM 89.3** |
| --- |
| Listen to Kenny's recent Podcast on Money FM 89.3 on 5 Dec 2023.   |

 

[View full post](https://reitsavvy.com/insights/s-reits-week50-2023)

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