Mapletree refocuses $15.5b portfolio on retail and business parks after Hong Kong exit
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Mapletree Pan Asia Commercial Trust (MPACT) has refocused its $15.5 billion portfolio on retail and business parks after divesting the office component of Festival Walk in Hong Kong. The sale, completed on February 2, follows a December announcement. MPACT retains ownership of the retail mall, which has a lettable area of approximately 588,890 square feet. The portfolio now consists of 15 commercial properties with a total lettable area of 10.2 million square feet, as stated by MPACT Management.
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Source: Singapore Business Review The copyright of this article belongs to the original author/organization.
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