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Mapletree Pan Asia Commercial Trust sells office building in Singapore for $574m
Transactions - MAY 31, 2024

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Mapletree Pan Asia Commercial Trust sells office building in Singapore for $574m

by Released

MPACT Management Ltd., as manager of Mapletree Pan Asia Commercial Trust (MPACT) has entered into a put and call option agreement with an unrelated third party, to divest Mapletree Anson for S$775.0 million ($574 million).

“The divestment of Mapletree Anson is expected to generate approximately 1.5 percent accretion to distribution per unit for fiscal 2023–2024 on a pro forma basis,” said Sharon Lim, CEO of MPACT. “This proactive step also enhances MPACT’s financial resilience and agility, strengthening our fundamentals to navigate the dynamic market landscape and seize emerging opportunities. Although there will be a marginal adjustment in the proportion of our Singapore assets, Singapore remains the cornerstone of our investment strategy, accounting for more than 50 percent of our portfolio. As we move forward, our portfolio management approach will continue to be agile and adaptive.”

Mapletree Anson is a 19-story office building located in the Tanjong Pa

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