Mapletree Greater China Commercial Trust's Gateway Plaza (Photo: Mapletree Greater China Commercial Trust)Mapletree North Asia Commercial Trust's Gateway Plaza (Photo: Mapletree North Asia Commercial Trust)

British based multinational investment firm Schroders Plc has purchased 241,400 units of Singapore-listed retail and office REIT Mapletree Greater China Commercial Trust (MGCCT) (SGX:RW0U).

Schroders has indicated that the units were acquired via a market transaction for SGD247,435 on 16 March on behalf of its clients as investment managers. This translates to about SGD1.02 per unit. Units of MGCCT are currently listed on the Singapore Exchange at the same price.

With the transaction, Schroders Plc now holds approximately 163.4 million units of MGCCT, representing a stake of about 6% in the REIT.

Besides MGCCT, Schroders Plc also holds about 125 million units of retail and office REIT Mapletree Commercial Trust (MCT)(SGX:N2IU).

Mapletree Greater China Commercial Trust Gateway Plaza
Mapletree Greater China Commercial Trust Gateway Plaza is expected to benefit from the tight supply of office space in Beijing for the coming quarters.

By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.