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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.
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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.

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