Festival Walk, a property of Mapletree North Asia Commercial TrustFestival Walk (Photo: Mapletree North Asia Commercial Trust)

Mapletree North Asia Commercial Trust (MNACT) saw an SGD28 million outflow of institutional funds during the trading week that began on 14 March.

The fund outflow came ahead of news that the managers of MNACT and Mapletree Commercial Trust (MCT) would revise the terms of their proposed merger.

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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.