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Mapletree Greater China Commercial Trust to buy 6 Japan office properties

Total gross floor area for these developments stands at 1.65 million sq ft, with total cost of 62.3 billion yen

Published Wed, Mar 28, 2018 · 09:50 PM

Singapore

MAPLETREE Greater China Commercial Trust (MGCCT) Management on Wednesday announced that it has entered into various conditional agreements to acquire a 98.5 per cent stake in a portfolio of six freehold commercial properties in Greater Tokyo, for 60.9 billion yen (S$753 million).

Subject to and upon completion of the proposed acquisition, MGCCT will be renamed Mapletree North Asia Commercial Trust.

DBS Trustee Limited served as the trustee of MGCCT in this deal with vendor MJOF, a private real estate closed-end fund managed by Mapletree Investments Japan Kab…

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