Mapletree North Asia Commercial Trust (SGX: RW0U), or MNACT for short, is a real estate investment trust (REIT) that invests in best-in-class commercial properties located in China, Hong Kong SAR and Japan. This article will provide an overview of MNACT and in the next article, we will cover the on-going situation in Hong Kong and its impact on MNACT going forward.

The REIT’s portfolio consists of nine properties – two located in China (Shanghai and Beijing), one in Hong Kong, and six in Japan (Tokyo, Yokohama and Chiba). Note that MNACT used to be called “Mapletree Greater China Commercial Trust” but changed its name in May 2018.

MNACT is managed by Mapletree North Asia Commercial Trust Management Ltd, which in turn is a wholly-owned subsidiary of Mapletree Investments Pte Ltd (MIPL). The ultimate holding company of MIPL is Temasek Holdings.