Mapletree Commercial Trust property, ARC, in Singapore (Photo: REITsWeek)Mapletree Commercial Trust property, ARC, in Singapore (Photo: REITsWeek)

British multinational asset management company Schroders plc has purchased 180,000 units of Singapore-listed retail and commercial REIT Mapletree Commercial Trust (MCT) (SGX:N2IU) on 20 August.

According to documents filed by the REIT with the Singapore Exchange, the units were purchased at a total price of SGD252,900 translating to an acquisition cost of about SGD1.40 per unit.

The purchase increases the investment manager’s stake in the REIT to about 6%, up from 5.9% previously. Schroders plc now holds a total of 125.7 million units in the REIT.

Units of MCT are currently listed on the Singapore Exchange at SGD1.43. This price represents MCT’s highest in 52 weeks.

Units of Mapletree Commercial Trust has reached in highest in 52 weeks.
Units of Mapletree Commercial Trust has reached in highest in 52 weeks.

By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.