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.