Mapletree Commercial Trust, Mapletree North Asia Commercial Trust propose merger
Add BT as a preferred source
Jude Chan
THE managers of Mapletree Commercial Trust (MCT) and Mapletree North Asia Commercial Trust (MNACT) have proposed a merger that will propel the combined entity to become one of Asia’s 10 largest real estate investment trusts (Reits).
“The enlarged platform will also be better positioned to unlock upside potential,” said Sharon Lim, chief executive officer of MCT’s manager, at a briefing on Friday (Dec 31). “We are very convinced with the merits of this merger… It’s truly putting strength and growth into a single vehicle.”
The merged entity, to be named Mapletree Pan Asia Commercial Trust (MPACT), will have a theoretical market capitalisation of approximately S$10.5 billion.
TRENDING NOW
Extra S$300 in CDC Vouchers, U-Save rebates for households as part of S$900 million support package
Singtel explores Nasdaq-SGX dual listing for data centre arm Nxera, local data centre Reit
Singapore banks’ battle for wealth talent goes beyond private bankers
Singapore rolls out S$900 million support package for businesses, households in light of Iran war
