MCT intends to fund through a combination of debt and equity.
SINGAPORE (Sept 27): Mapletree Commercial Trust (MCT) is acquiring Mapletree Business City (Phase 2) and the adjacent common premises Pasir Panjang Road in Singapore from a direct wholly-owned subsidiary of sponsor Mapletree Investments for $1.58 billion, including acquisition-related expenses.
The agreed property value, arrived at on a willing-buyer and willing-seller basis after taking into account two independent valuations, was $1.55 billion.
