Singapore, 17 Jan 2018 – Mapletree Greater China Commercial Trust (MGCCT) is expanding its investment mandate to Japan. The expansion will allow MGCCT to diversify its portfolio and enhance the manager’s ability to provide balanced and long-term returns for unitholders.
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.
Japan has one of the largest and well-established commercial property markets in Asia-Pacific, with attractive investment characteristics and MGCCT will continue its disciplined evaluation of all acquisition opportunities, while seeking long-term sustainable yield accretive returns for unitholders.
It owns a track record of operating a portfolio of high quality income generating commercial assets in Hong Kong, Beijing and Shanghai.
Comprising, The Festival Walk, a landmark territorial retail mall and lifestyle destination with an office component. It has a seven-storey retail mall with a four-storey office tower and three underground car park levels, located in the upscale residential area of Kowloon Tong, Hong Kong.
The other, located in the established and mature prime Lufthansa Area in Beijing, China. The Gateway Plaza is a premier Grade A office building with a retail atrium, consisting of two 25-storey towers connected by a three-storey retail atrium and three underground floors.
Another edition is located in Zhangjiang Hi-Tech Park, Pudong New Area, Shanghai. The Sandhill Plaza is a premium business park development comprising one 20-storey tower, seven blocks of 3-storey buildings and two basement levels of car park.