Mapletree Greater China Commercial Trust enters the SGX Mainboard

It's the largest REIT IPO to-date.

Mapletree Greater China Commercial Trust listed on the Singapore Exchange (SGX) Mainboard, under the stock code of “RW0U”.

Mapletree Greater China Commercial Trust (MGCCT) is a Singapore-based real estate investment trust (REIT) that invests in a diversified portfolio of commercial real estate in Greater China, including Hong Kong, Beijing, Shanghai, Guangzhou and Shenzhen. Its initial portfolio comprises two commercial properties, namely, Festival Walk in Kowloon, Hong Kong and Gateway Plaza in Beijing.

Ms Cindy Chow, Chief Executive Officer of Mapletree Greater China Commercial Trust Management Ltd., the manager of MGCCT, said: “Being listed on SGX is a milestone for us, and we are especially pleased to be the largest Singapore REIT IPO to-date. The listing of MGCCT today is the culmination of months of hard work on the part of many including SGX and MAS. We would like to thank SGX for their professionalism and tremendous support at each and every step of the IPO process.”

Mr Magnus Bocker, Chief Executive Officer, SGX, said: “We are pleased to welcome Mapletree Greater China Commercial Trust to SGX. Its size and the geographical diversity of its assets will add substantially to the strength of SGX’s REIT market and provide more choice for investors.”

With an estimated market capitalisation of S$2.5 billion (US$2 billion), Mapletree Greater China Commercial Trust brings the total number of SGX REITs and Property Trusts to 31 with a combined market capitalisation of S$58 billion (US$47 billion).

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