SGX Tips : Mapletree Commercial Trust acquiring Mapletree Business City (Phase 1) for $1.78 bil from sponsor
SINGAPORE (July 5): Mapletree Commercial Trust (MCT) is acquiring the office and business park components of Mapletree Business City (Phase 1) from sponsor Mapletree Investments for a purchase consideration of $1.78 billion.
One of the largest integrated office and business park complexes in Singapore, Mapletree Business City (Phase 1) the acquisition involves the purchase of the strata leasehold interest of an office tower and three business park blocks with a total net lettable area of over 1.7 million sf.
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- Mapletree Commercial Trust
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