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

Mapletree Greater China Commercial Trust announced on 24 August that a total of 7,651,344 new units in the REIT have been issued to its managers.

The units have been issued on the same day at SGD1.0837 each.

4,790,137 of these units have been issued to the REIT’s manager as payment of the base fee for the period from 1 April 2017 to 30 June 2017.

A further 2,861,207 units have been issued to the REIT’s property manager, as payment of property management fee relating to Festival Walk and Gateway Plaza for the same period.

The issue price of the units is based on the ten-day volume weighted average price for units of the REIT up to 30 June 2017.

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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.