Mapletree North Asia Buys Two Japanese Office Properties

News about Mapletree North Asia Commercial Trust

Mapletree North Asia Commercial Trust is to acquire a 98.47% stake in two office properties in the greater Tokyo area. Both freehold, the buildings have a 85.9% occupancy rate, 3.4 years WALE and 4.5 Net Property Income yield. The total transaction represents about S$485.1 million.

Mapletree North Asia Commercial Trust
Price0.895 SGD
NAV1.412 SGD
Yield (4 quarters)5.78%
Gearing39.3%