Mapletree Pan Asia divest two Japan office buildings for JPY8.73 bil
$Mapletree PanAsia Com Tr(N2IU.SI)$
MPACT, through its subsidiary Tsubaki Tokutei Mokuteki Kaisha, has entered into a sale and purchase agreements with these two unrelated third parties.
ABAS Shin-Yokohama (ASY) will be sold at a sale price of JPY3.3 billion and TS Ikebukuro Building (TSI) will be sold at a sale price of JPY5.4 billion, with a combined divestment consideration of JPY8.73 billion.
The divestments are scheduled for completion by end-August FY2025/2026, and upon completion, MPACT’s portfolio will comprise 15 quality commercial properties located across the five key gateway markets of Asia, with a total lettable area of 10.4 million square feet independently valued at $15.9 billion.
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And at undervalued price of 0.7x BOOK VALUE !