SINGAPORE (Dec 9): On Dec 4, Mapletree North Asia Commercial Trust announced a proposal to acquire a 98.47% stake in two freehold, multi-tenanted office properties located in Greater Tokyo from sponsor and major unitholder Mapletree Investments, for $482.5 million (approximately JPY37,905.2 million). The proposed acquisitions are expected to result in further diversification of MNACT’s portfolio, reducing the reliance of income contribution from any single property, tenant or sector, its manager said.

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