MGCCT includes Japan in investment mandate

It believes it will grow its assets' values in the country.

Mapletree Greater China Commercial Trust Management Ltd. (MGCCT) announced that it will include Japan in its investment mandate.

According to an announcement, it changed its mandate to say, "MGCCT is a Singapore real estate investment trust established with the investment mandate of principally investing, directly or indirectly, in a diversified portfolio of income-producing real estate in the Greater China region and Japan which is used primarily for commercial purposes (including real estate used predominantly for retail and/or office purposes), as well as real estate-related assets.”

MGCCT's investment mandate has been expanded in order to provide long-term growth to its distribution per unit (DPU) and net asset value per unit (NAV) whilst maintaining its capital structure.

"The manager is of the view that broadening of the mandate beyond Greater China into Japan will allow MGCCT to better diversify its portfolio and further enhance the manager’s ability to provide balanced and long-term returns for the unitholders," MGCCT said.

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