announced that it would be acquiring a portfolio of six freehold commercial real estate assets located in Tokyo, Chiba and Yokohama, Japan. Following the completion of the acquisition, MGCCT will be renamed to “Mapletree North Asia Commercial Trust”.
I think a lot of pundits in the market have been calling this since MGCCT expanded their investment mandate to include Japan back in January, so this move didn’t come as a surprise to anyone. Having seen the finer details though, Financial Horse, a unitholder himself, is quite pleased with this acquisition.
Basics: MGCCT’s IPT acquisition of a Japan Portfolio from MJOF
Mapletree is acquiring the six Japan assets from MJOF Pte. Ltd. I extracted the full description of MJOF below, but basically it’s a private fund managed by Mapletree. The acquisition is likely due to end of fund life, so ......
Mapletree Greater China Commercial Trust (MGCCT) recently