Mapletree Commercial Trust (MCT) (SGX: N2IU) is a REIT with a portfolio of office and retail properties in Singapore. The jewel in MCT’s portfolio is VivoCity, Singapore’s largest mall, which continues to enjoy strong sales and shopper traffic due to its location as the only megamall in the area and its proximity to Sentosa.
Besides VivoCity, MCT’s portfolio also comprises PSA Building, a 40-storey office block and a three-storey retail centre known as Alexandra Retail Centre; two premium office buildings, Mapletree Anson, and Merrill Lynch HabourFront; and one of the largest office and business park complexes in Singapore, Mapletree Business City I (MBC I). As at 31 March 2017, MCT’s portfolio is valued at S$6.3 billion.
I attended MCT’s 2016 AGM before the acquisition of MBC I, so it was with anticipation that I attended this year’s annual meeting to find out how the REIT had performed over the ......