Mapletree Commercial Trust to raise SGD1.5 billion for control over Alexandra Precint

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Mapletree Commercial Trust (MCT) has entered into a share purchase agreement with a subsidiary of its sponsor to acquire Mapletree Business City (Phase 2).

The acquisition also includes the common premises at 10, 20 and 30 Pasir Panjang Road.

With this acquisition, the REIT would have control over the entire Alexandra Precinct, having acquirred Mapletree Business City (Phase 1) in 2016.

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