Mapletree Commercial Trust's Mapletree Business City. (Photo: Mapletree Commercial Trust)Mapletree Commercial Trust's Mapletree Business City. (Photo: Mapletree Commercial Trust)

AIA Singapore has disposed off 1,479,200 units of Singapore-listed office and retail REIT, Mapletree Commercial Trust.

The units were disposed on 20 December via a market transaction for a total consideration of SGD2,070,880 (USD1.4 million).

This translates to about SGD1.40 received per unit disposed.

Following the transaction, AIA Singapore has a remaining deemed interest of 171.9 million units of the REIT held through Citibank Nominees Singapore.

This represents a stake of 5.99%, down from 6.04% previously.

Units of Mapletree Commercial Trust finished the trading day about 03% higher from its previous close on the Singapore Exchange to end at SGD1.395.

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.