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
When every phone becomes a satellite phone, what happens to Asia’s telcos?
Koh Brothers Eco Engineering faces up to S$57.6 million in potential legal liabilities
Father-and-son duo Raj Kumar and Kishin in exclusive due diligence to buy Scotts Square
Anytime Fitness Asia’s owner said to weigh US$400 million sale
