The managers of Mapletree Commercial Trust (MCT) and Mapletree North Asia Commercial Trust (MNACT) have proposed a merger that will propel the combined entity to become one of Asia’s 10 largest real estate investment trusts (Reits).

“The enlarged platform will also be better positioned to unlock upside potential,” said Sharon Lim, chief executive officer of MCT’s manager, at a briefing on Friday (Dec 31). “We are very convinced with the merits of this merger… It’s truly putting strength and growth into a single vehicle.”