Turning to Hong Kong, Hiew said Mapletree’s business hasn’t been significantly affected by clashes between protesters and police that shut down the city center earlier this week. The firm’s assets aren’t near the location of the protests and have been spared the worst of the disruption that has roiled the city, he said.
One of the group’s trusts, Mapletree Logistics Trust, had nine properties in Hong Kong as of 31 March 2019. Another, Mapletree North Asia Commercial Trust, owns the Festival Walk mall along Tat Chee Avenue in Kowloon, well away from the focus of the protests in the central business district on Hong Kong island.