Mapletree Commercial Trust MCT, a Singapore-listed real estate investment trust Reit focusing on a combination of retail and office properties, has raised S$225 million $184 million from a follow-on share issue to fund its earlier announced acquisition of a 19-storey office building named Mapletree Anson.
This is MCT’s first acquisition since it went public in April 2011 and will bring the total number of assets in its portfolio to four. The placement was completed after the market closed yesterday one day after shareholders approved the Mapletree Anson acquisition and on the same day as the trust announced its third quarter results for the fiscal year to March 2013....
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