Mapletree Greater China Commercial Trust (MGCCT) (SGX: RW0U) is a REIT with a portfolio of retail and office properties located in Greater China. It currently has three properties in its portfolio: Festival Walk, a retail mall with an office component in Hong Kong; Gateway Plaza, a premier Grade-A office building in Beijing; and Sandhill Plaza, a premium business park in Shanghai. As at 31 March 2017, the portfolio was valued at S$6.2 billion.
MGCCT released a positive set of results when I attended its last annual meeting in 2016 despite the slowing Chinese and Hong Kong economies. Will the REIT be able to report another year of strong growth as both economies seem to have recovered slightly over the last 12 months?
I went to the 2017 Mapletree Greater China Commercial Trust AGM to find out more.
1. Gross revenue increased 4.2% year-on-year to S$350.6 million and ......