The sum represents a gain of $10 million, or 1.3%, over the property’s book value and valuation. :
SINGAPORE – Mapletree Pan Asia Commercial Trust (MPACT) is divesting Mapletree Anson, a 19-storey office building in Tanjong Pagar, for $775 million. The real estate investment trust’s (Reit) trustee, DBS Trustee, has entered into a put and call option agreement with an unrelated third-party buyer for the proposed divestment of the property, which is at 60 Anson Road. Completed in July 2009, Mapletree Anson offers more than 320,000 sq ft of lettable area.