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Mapletree Commercial Trust to buy business park for S$1.55b

Property has total net lettable area of 1.2m sq ft

Sat, Sep 28, 2019 - 5:50 AM

Mapletree Business City (Phase 2) (MBC II). The 2.8-hectare property is a premium campus-style workplace, with eco-friendly features and a comprehensive suite of recreational and lifestyle amenities.

PHOTO: MAPLETREE COMMERCIAL TRUST

Singapore

MAPLETREE Commercial Trust (MCT) is proposing to buy a business park in Pasir Panjang at an agreed property value of S$1.55 billion from Heliconia Realty, a direct wholly-owned subsidiary of its sponsor Mapletree Investments.

If completed, this could count as one of the...