Rajah & Tann Singapore is acting for DBS Trustee Limited, in its capacity as trustee of Mapletree North Asia Commercial Trust (“MNACT”) in the S$4.2 billion proposed merger of Mapletree Commercial Trust (“MCT”) and MNACT by way of an acquisition by MCT of all issued and paid-up units of MNACT held by unitholders by way of a trust scheme of arrangement.
This is the first REIT Merger in which the transaction is structured with two scheme consideration options are offered for MNACT unitholders, who may elect to receive consideration in a combination of cash-and-units in MCT or scip only.
Partners Sandy Foo and Favian Tan are leading the transaction.
