by: Tam Ging Wien
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Mapletree Commercial Trust (MCT) announced in the last week of September that it was proposing to acquire a pipeline property from Heliconia Realty for a S$1.55bil, making this the largest acquisition of the S-REITs this year. Heliconia Realty is a wholly-owned subsidiary of Mapletree Investments, MCT’s sponsor. The target property is Mapletree Business City II (MBCII) and the adjacent common premises along Pasir Panjang Road.
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