Mapletree S$1.78 billion divestment of Mapletree Business City

Overview:

• Mapletree Investments is set to divest its S$1.78 billion leasehold interest in an office tower and three business park blocks at Mapletree Business City.
• The process will be conducted via a put and call option agreement through the trustee of Mapletree Commercial Trust, a wholly-owned subsidiary of Mapletree Investment.
• Allen & Gledhill (Kin San Ho) is advising Mapletree Investments.

Wai Yee Tsang - Journalist - Asia-Pacific