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Mapletree Greater China Commercial Trust Acquires Sandhill Plaza For $402m
Daily Bulletin | 15 June 2015
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Mapletree Greater China Commercial Trust (MGCCT) has acquired Sandhill Plaza, a premium quality business park located in Zhangjiang hi-tech park in Shanghai, for $402 million from MSREF VII Leaphart BV.

The total purchase consideration is approximately $412.2 million which comprises the property purchase price of approximately $401.8 million and the estimated working capital adjustments.

The acquisition marks the start of growing MGCCT through accretive acquisitions in addition to organic growth and asset enhancement initiatives.

Mapletree North Asia Commercial Trust  1.240 -0.010 -0.80%   
Business: Real estate investment trust focused on commercial assets (comprising retail & office) in HK & China.

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