Today I've initiated a long position in Mapletree Greater ChinaCommercial Trust (MGCCT) at a price of $0.81.
This is my second additions to the Mapletree Reits family which I have in my portfolio after the purchase of Mapletree Log last month.
I've long been impressed with the quality of the assets that MGCCT has when it launched its IPO last year.
Festive Walk - one of the highly sought retail components in the strategic location of Kowloon. Even during the epidemic of SARS and the GFC in 2008/2009, rental revenue has managed to creep up higher, giving a CAGR of 5.8% over the past 10 years.
Gateway Plaza - One of the grade A office located in strategic Beijing area. As seen from past history, occupancy rate has stayed well above 95% for the past 2-3 years, with office rent climbing back up after improvement in (Read more...)
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