ABAS Shin-Yokohama (ASY) will be sold at a sale price of JPY3.3 billion and TS Ikebukuro Building (TSI) will be sold at a sale price of JPY5.4 billion, with a combined divestment consideration of JPY8.73 billion.
The manager of Mapletree Pan Asia Commercial Trust (MPACT) has announced the sale of two Japan office buildings to two unrelated third parties for a total consideration of about JPY8.73 billion ($78.7 million).
MPACT, through its subsidiary Tsubaki Tokutei Mokuteki Kaisha, has entered into a sale and purchase agreements with these two unrelated third parties.
