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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By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.