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 Mapletree Investments, MCT’s sponsor. If completed, this could count as one of the largest acquisitions by a Singapore real estate investment trust (S-Reit) this year. S-Reits have in recent weeks been on an...
DBS Group Research on Monday noted that the government's efforts to rejuvenate the Greater Southern Waterfront (GSW) area offers significant opportunities for developers, with Mapletree Commercial Trust (MCT) standing to gain as VivoCity, which is owned by the trust, is likely to remain the "bedrock of the GSW rejuvenation". Other potential beneficiaries include Frasers Commercial Trust, which owns...
Mapletree Commercial Trust said yesterday it agreed to buy Mapletree Anson for S$680 million from a wholly-owned unit of its sponsor Mapletree Investments. Mapletree Anson, is a 19-storey premium office building in the CBD, with a 99-year lease beginning from October 2007. It has a gross floor area of 383,812 sq ft and net lettable area of 331,854 sq ft. Source : Today - 4 Dec...
This year's second-largest initial public offering (IPO) has a flat showing on its first trading day on Wednesday. Mapletree Commercial Trust opened a tad higher but soon gave up early gains to end at its IPO offer price of 88 cents. The real estate investment trust (REIT) is the most actively traded counter in the Singapore Exchange during the session, with some 140 million units changing hands. The...
Mapletree Commercial Trust (MCT) has launched its initial public offering of more than 712 million new shares on the Singapore Exchange. The IPO is priced at 88 Singapore cents a share and the firm is expected to raise S$893 million in net proceeds. The trust could potentially raise up to S$983 million if the Over-Allotment Option is exercised in full. The proceeds will be used to pay for the...
Mapletree Commercial Trust is set to raise at least $898 million in an initial public offering in Singapore after pricing the IPO slightly above the mid-point of an indicative price range, a source with direct knowledge of the deal said. The trust, managed by Singapore state investor Temasek’s property arm, priced the IPO at $0.88 a unit against an earlier indicative price range of $0.84-$0.91, the...
Mapletree Commercial Trust, which last month delayed its initial public offering (IPO), said it is now going ahead with the deal to raise as much as S$648.7 million. The trust on Wednesday lodged its prospectus with regulators, offering 712.9 million shares at S$0.84 to S$0.91 per unit. Mapletree Commercial Trust had earlier delayed its IPO due to market volatility caused by Japan's earthquake and...
INVESTORS may soon be able to own a piece of VivoCity - Singapore's largest mall - by the mid of next year, according to Mapletree Investments chief financial officer Wong Mun Hoong. Mr Wong said the firm is planning to list a commercial real estate investment trust (Reit) - Mapletree Commercial Trust - that will raise at least $500 million. It will hold about $3 billion to $4 billion of commercial...
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