As at end-September, the properties have a weighted average lease expiry (WALE) by monthly gross rental income (GRI) of 3.4 years and an occupancy rate of 85.9%.
SINGAPORE (Dec 5): The trustee of Mapletree North Asia Commercial Trust (MNACT) has entered into agreements to acquire an effective interest of 98.47% in two office properties in Japan for a total acquisition cost of $482.5 million, the manager announced after market close on Dec 4.
The two freehold, multi-tenanted properties have a combined gross floor area (GFA) of 180,941 sqm and a net lettable area (NLA) of 91,583 sqm.
