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

Mapletree North Asia Commercial Trust (MNACT) has emerged as the top Singapore Exchange (SGX)-listed stock acquired by institutional investors during the trading week that began on 21 March.

The REIT saw an almost SGD125 million inflow of institutional funds during the week, after its sister REIT Mapletree Commercial Trust (MCT) laid out an alternative term of merger, which provides for an all-cash option for MNACT unitholders.

Related: Sharon Lim to be CEO of Mapletree Pan Asia Commercial Trust

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By Shariffa Al-Habshee

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