In the wake of news that it will be acquiring properties in Japan, Mapletree North Asia Commercial Trust’s (MNACT’s) credit ratings have been downgraded.

The REIT announced on 4 December 2019 that it will acquire two office properties in Greater Tokyo from its sponsor, Mapletree Investments, for a total acquisition cost of SGD482.5 million.

Related: Mapletree’s North Asia REIT accelerates income diversification with Tokyo acquisition

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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.