Home News REITs

Mapletree North Asia Commercial Trust acquires Tokyo office building for $475 mil

Atiqah Mokhtar
Atiqah Mokhtar5/28/2021 5:53 PM GMT+08  • 2 min read
Mapletree North Asia Commercial Trust acquires Tokyo office building for $475 mil
The building is currently entirely leased to Hewlett-Packard Japan.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Photo: Mapletree North Asia Commercial Trust

Mapletree North Asia Commercial Trust (MNACT) is acquiring an effective interest of 98.47% in a freehold single-tenanted office building located in Tokyo for an agreed property value of JPY38.8 billion ($474.7 million).

The building, located at 2-1, Ojima 2-chome, Koto-ku, Tokyo, has a gross floor area of 42,496 square metres and is being purchased from vendor Hulic Co.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.