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MGCCT acquiring six properties in Japan for $753 mil; to be renamed Mapletree North Asia Commercial Trust

Property

MGCCT acquiring six properties in Japan for $753 mil; to be renamed Mapletree North Asia Commercial Trust

PC Lee Published on Wed, Mar 28, 2018 / 8:02 AM GMT+8

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SINGAPORE (Mar 28): Mapletree Greater China Commercial Trust (MGCCT) is expanding its property portfolio into Northern Asia.

The REIT is acquiring a 98.47% stake in a portfolio of six freehold commercial real estate assets in Japan for $753.4 million.

The Japan portfolio comprises six freehold office buildings, namely three in Tokyo, one in Yokohama and two in Chiba with a total GFA of 1.65 million sf and total NLA of 1.60 million sf.

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