Maintenance will be carried out on 11th July2020 from 10pm to 12am.

About MCT

Corporate Profile

Mapletree Commercial Trust (“MCT”) is a Singapore-focused real estate investment trust (“REIT”) established with the principal investment objective of investing on a long-term basis, directly or indirectly, in a diversified portfolio of income-producing real estate used primarily for office and/or retail purposes, whether wholly or partially, as well as real estate-related assets.

MCT was listed on the Singapore Exchange Securities Trading Limited (“SGX-ST”) on 27 April 2011 and is the third REIT sponsored by Mapletree Investments Pte Ltd (“MIPL” or the “Sponsor”), a leading real estate development, investment and capital management company headquartered in Singapore.

 As at 31 March 2020, MCT’s portfolio comprised five properties in Singapore – four located in the Greater Southern Waterfront (HarbourFront and Alexandra Precincts) and one in the Central Business District (“CBD”), namely:

  • VivoCity, Singapore’s largest mall, located in the HarbourFront Precinct;
  • Mapletree Business City (“MBC”), a large-scale integrated office and business park and retail complex with Grade A building specifications, located in the Alexandra Precinct;
  • PSA Building, an established integrated development with a 40-storey office block and a three-storey retail centre known as the Alexandra Retail Centre (“ARC”), located in the Alexandra Precinct;
  • Mapletree Anson, a 19-storey premium office building located in Singapore’s CBD; and
  • Bank of America Merrill Lynch HarbourFront (“MLHF”), a premium office building located in the HarbourFront Precinct

The portfolio has a total Net Lettable Area (“NLA”) of 5.0 million square feet, valued at S$8,920 million*. 

MCT is managed by Mapletree Commercial Trust Management Ltd. (“MCTM” or the “Manager”), a wholly-owned subsidiary of MIPL. The Manager aims to provide unitholders of MCT (“Unitholders”) with a relatively attractive rate of return on their investment through regular and steady distributions, and to achieve long-term stability in Distribution per Unit (“DPU”) and Net Asset Value (“NAV”) per Unit, while maintaining an appropriate capital structure for MCT.

* Based on the independently appraised values by Savills Valuation and Professional Services (S) Pte. Ltd. and CBRE Pte. Ltd. as at 31 March 2020.


 

Back to Top