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Is there any significance of 'an advanced distribution
for the period from 1 January 2013 to the day immediately prior to the date on which the New Units are issued'? Is an advance distribution beneficial to shareholders?
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Looks like a strong REIT: interest rate is climbing up yet its share price is moving up too.
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Proposed Acquisition of the Office and Business Park Components of Mapletree Business City (Phase 1)
Mapletree Commercial Trust ("MCT"), is pleased to announce that DBS Trustee Limited, in its capacity as trustee of MCT, has entered into a put and call option to acquire the office and business park components of Mapletree Business City (Phase 1) located in the Alexandra Precint from Mapletree Business City Pte. Ltd., a wholly-owned subsidiary of Mapletree Investments Pte Ltd for a purchase consideration of S$1,780.0 million.
The Acquisition involves the purchase of the strata leasehold interest of four blocks of office and business park space, namely an office tower (MBC 10) and three business park blocks (MBC 20W, MBC 20E and MBC 30) with a total net lettable area ("NLA") of over 1.7 million square feet.
Including acquisition-related expenses, the total acquisition cost is expected to be approximately S$1,858.5 million. The Manager of Mapletree Commercial Trust intends to fund the Acquisition with a combination of debt and equity.
Specuvestor: Asset - Business - Structure.
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MCT is awashed in numerous good news. At $2.3, its yield is only 4%. While it holds excellent assets, I am seriously contemplating to sell my holdings in this hot run-up.
- Inclusion to STI.
- Greater Southern Waterfront.
- Pulau Brani development. Positive for Vivo.
- Govt big push in Deep Tech. Positive for MBC and surrounding tech cluster.
- Being the one of the few Reits holding 100% SG top tier assets.
- Cutting of interest rate.
- Yield hungry investors.