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).