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Higher rents drive MGCCT's first-quarter DPU growth

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Published Fri, Jul 28, 2017 · 09:50 PM

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MGCCT

Singapore

COMMERCIAL landlord Mapletree Greater China Commercial Trust (MGCCT) achieved a slight improvement in results for the first quarter ended June 30.

This was mainly driven by higher average rental rates from its properties and a lower value- added tax (VAT) rate for its Gateway Plaza property in Beijing compared to the year-ago period.

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