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Mapletree REIT to acquire Google APAC HQ in S$1.55b Singapore Biz Park Buy (Mingtiandi)

The manager of Mapletree Commercial Trust has agreed to acquire Google’s Asia Pacific headquarters in Singapore as part of a S$1.55 billion ($1.14 billion) purchase of four buildings in the city’s Pasir Panjang area.

Mapletree Commercial Trust Management, in an announcement to the Singapore stock exchange on Friday, said that it had agreed to acquire the second phase of the Mapletree Business City office development from the trust’s sponsor, Mapletree Investments, in a move which adds 1.2 million square feet (111,484 square metres) of office space to the Singapore-listed REIT’s portfolio.

While the structure