Mapletree Greater China Commercial Trust on an upswing since IPO

Valuation increased by 9.5% to $4.7b.

Mapletree Greater China Commercial Trust (MGCCT) has experienced organic growth ahead from its resilient portfolio since its IPO in March 2013.

MGCCT has performed well financially for its first full fiscal period after its IPO, with FY14 revenue and DPU exceeding its projections. According to OCBC Investment Research, it sees continued organic growth from MGCCT’s resilient portfolio, underpinned by further positive rental reversions.

OCBC adds that the combined market valuation of MGCCT’s portfolio was S$4.7b as at end FY14, an increase of 9.5% from its valuation at 7 Mar 2013 (IPO date).

MGCCT is a Singapore REIT which owns two high-quality assets valued at S$4.7b (as at end FY14) and strategically located in prime commercial districts in Hong Kong and China districts. The first asset is Festival Walk, a landmark territorial retail mall (with an office component) ranked as one of the top 10 retail malls by GFA in Hong Kong. The second is Gateway Plaza, a premier Grade A office building consisting of two 25-storey towers connected by a three-storey atrium in Beijing, China.