Singapore’s Mapletree group is getting ready to launch its fourth real estate investment trust Reit, which will focus on commercial properties in mainland China and Hong Kong. The initial portfolio will comprise two properties, including the Festival Walk shopping mall in Hong Kong that Mapletree bought from Swire Properties for $2.4 billion in 2011.
Bankers will start investor education for the initial public offering of Mapletree Greater China Commercial Trust MGCCT today and a formal management roadshow is planned to kick off just after Chinese New Year which falls in the second week of February. This should allow for a trading debut in early March.
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