Thursday, 7 July 2016

Mapletree Commercial Trust - DBS Research 2016-07-07: Proposed acquisition of Mapletree Business City

Mapletree Commercial Trust - DBS Research 2016-07-07: Proposed acquisition of Mapletree Business City MAPLETREE COMMERCIAL TRUST N2UY.SI 

Mapletree Commercial Trust (MCT SP) - Proposed acquisition of Mapletree Business City

  • Proposed acquisition of Mapletree Business City (MBC) Phase 1 for S$1.78bn or 5.6% implied FY15/16 NPI yield.
  • 3% accretion to proforma 6MFY17 DPU and 2% uplift to NAV per unit.
  • New exposure to the business park segment and Singapore’s decentralisation theme.
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