Mapletree owned and managed S$55.7 billion of properties as at March 31. "With our global footprint now, we are increasingly looking at the really big boys, the Brookfields and Blackstones," said Mr Hiew, who joined the company as CEO in 2003 when it managed just over S$2 billion. "Whether it is profitability or operational benchmarks, we are now benchmarked to global companies." The firm focuses on logistics, student accommodations, office space, corporate housing and data centres, having expanded in recent years to the United States and Europe. Mapletree's investment of S$3 billion to S$5 billion in new assets annually will be funded by divestments of an equivalent size, as this is the company's approach to recycle capital efficiently, Mr Hiew explained. The company is also looking to syndicate an office fund in Australia this year. On average, the group is looking to seed two new private funds a year over the next five years.