The Business Times
business-time-50

Higher commercial rents boost Mapletree Greater China trust

google-preferred-sourceAdd BT as a preferred source
Published Thu, Apr 23, 2015 · 09:50 PM
    Mapletree GCCT

    Singapore

    HIGHER rents gave a boost to fourth-quarter distributions for Mapletree Greater China Commercial Trust (MGCCT), which owns a mall in Hong Kong and an office building in Beijing.

    Its Festival Walk mall has seen retail sales grow despite overall weakness in Hong Kong's retail market, and continued demand for office space in Beijing will also benefit its portfolio, the trust manager said in a statement on Thursday.

    TRENDING NOW

    Yeoh Pei Xien is the youngest grandchild of Yeoh Tiong Lay, who founded Malaysian multinational conglomerate YTL Corporation.

    Yeoh Pei Xien: YTL’s third-gen scion with a pastor’s heart

    The Vietnamese economy has long relied heavily on bank lending, straining commercial banks as they shoulder the bulk of the financing needed by companies and large infrastructure projects.

    Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks

    Marina Square shopping mall is part of the Marina Square complex, which also includes three hotels.

    DP Architects, PSB Academy to exit Marina Square ahead of revamp

    “We believe further execution could drive renewed outperformance versus the Straits Times Index,” note the analysts.

    DBS names seven ‘deep-value’ stock picks to ride Singapore’s value-unlocking theme

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More