Mapletree Greater China Commercial Trust's Sandhill Plaza (Photo: Colliers International)Mapletree Greater China Commercial Trust's Sandhill Plaza (Photo: Colliers International)

Norwegian central bank, Norges Bank, has sold 16,868,600 units of Singapore-listed retail and office REIT, Mapletree Greater China Commercial Trust (MGCCT) (SGX:RW0U).

The units were disposed in an open market transaction on 16 June for SGD17,493,535, which translates to about SGD1.03 per unit sold.

The transaction has reduced Norges Bank’s stake in the REIT to 131,179,200 units representing a stake of 4.8 % from 5.42% previously, eliminating its status as a substantial unitholder of MGCCT.

Units of MGCCT are currently listed on the Singapore Exchange at SGD1.02.

Mapletree Greater China Commercial Trust's Sandhill Plaza (Photo: Colliers International)
Mapletree Greater China Commercial Trust's Sandhill Plaza (Photo: Colliers International)

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.