On 30th May 2024, MPACT (Mapletree Pan Asia Commercial Trust) announced the proposal to divest Mapletree Anson for S$775.0 million. Mapletree Anson is one of MPACT’s five commercial properties located in Tanjong Pagar. If the proposed divestment is successful, MPACT will have four properties left in Singapore, namely Bank of America Harbourfront, Mapletree Business City, mTower and Vivocity. Besides Singapore MPACT has one property (Festival Walk) in Hong Kong, two in China (Gateway Plaza & Sandhill Plaza), nine in Japan and one in South Korea (Pinnacle Gangnam). They have a total lettable area of 11.2 million square feet independently valued at S$16.5 billion. Rationale for the Divestment of Mapletree Anson As per what was shared in the presentation slides, below are the rationale for the divestment.

• Strengthened Capital Structure and Enhanced Financial Flexibility.
• DPU Accretive to MPACT Unitholders on a Pro Forma Basis.
• Divestment Consideration Secures Gain over Latest Independent Valuation and Original Purchase Price.
• Maintaining Singapore’s Continued Significance in a Diversified Portfolio.

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