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MCT makes S$1.78b purchase from sponsor

It is acquiring office and business park interest in Mapletree Business City Phase 1

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Mapletree Business City: MBC Phase 1 is among the largest integrated office and business park complexes in Singapore with building specifications comparable to Grade-A offices in the CBD and certified Green Mark Platinum.

Singapore

MAPLETREE Commercial Trust (MCT) has agreed to acquire the office and business park components of Mapletree Business City Phase 1 (MBC Phase 1) from its sponsor Mapletree Investments for S$1.78 billion.

This involves the purchase of the strata leasehold interest of an...

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