- Mapletree Pan Asia Commercial Trust has entered into a put and call option agreement to divest Mapletree Anson for S$775m, or S$2,352psf. The divestment is accretive to pro forma FY24 DPU by 1.5% to 9.04 cents as Mapletree Anson is sold at a low exit yield of 3.8%, and the proceeds will be utilised to repay high-cost 4.5% bank borrowings.
- - Read this at SGinvestors.io -
Divestment of non-core assets - Mapletree Anson
- Mapletree Pan Asia Commercial Trust (SGX:N2IU) has entered into a put and call option agreement to divest Mapletree Anson for S$775m or S$2,352psf. The selling price represents a gain of S$10m over the latest independent valuation of S$765m and is S$95m above the original purchase price of S$680m.
- - Read this at SGinvestors.io -
Grade A office building at the fringe of CBD.
- Mapletree Anson is a 19-storey office building in the Tanjong Pagar sub-market of the CBD. It has 329,487sf of Grade A lettable office space. The building is conveniently located within a two-minute walk from Tanjong Pagar MRT Station. It has large column-free floor plates of over 20,000sf.
Enhance financial flexibility.
- Read more at SGinvestors.io.
