Festival Walk

The REIT's Singapore portfolio will be the 'strong anchor' ahead of clearer recovery overseas

Analyst Jonathan Koh has lowered his TP from $2.02 previously as the REIT's Japan portfolio weathers pressure from new supply.

SIAS poses questions to the managers of MNACT and MCT

Despite outlining the rationale for an MCT-MNACT merger, MNACT will consider a third party bid

Units in MNACT closed flat at 92.5 cents on September 29.

The manager of Mapletree North Asia Commercial Trust (MNACT) says that the loss of retail and office revenue during Festival Walk’s closure in Hong Kong will be covered under insurance policies.

Although MNACT registered stark declines across several financial metrics, OCBC believes the worst is over, and that sequential improvements are in the pipeline.

Although Festival Walk had suffered "extensive damage" amid the Hong Kong protests, it is set to reopen its doors on Thursday - some five months earlier than expected.

SINGAPORE (Dec 6): DBS Group Research is cutting its target price for Mapletree North Asia Commercial Trust (MNACT) by 18.8% to $1.30 on the back of lower rental reversion assumptions for key asset Festival Walk.

SINGAPORE (Dec 5): The trustee of Mapletree North Asia Commercial Trust (MNACT) has entered into agreements to acquire an effective interest of 98.47% in two office properties in Japan for a total acquisition cost of $482.5 million, the manager announced