Posted by DrizztFebruary 17, 2013
One of the biggest IPO in recent times is coming soon in Mapletree’s Greater China Commerical Trust (MGCCT)
The prospectus is out.
A total of 776 mil units are on offer, with 511 mil designated to cornerstone investors and 265 mil for the public.
Here is a rough time table (not confirm yet)
Greater China
The mandate of this trust is to invest in income producing real estate in Greater China. This would include:
Hong Kong
Beijing – 1st tier city
Shanghai – 1st tier city
Guangzhou – 1st tier city
Shenzhen – 1st tier city
Chengdu – 2nd tier city
Chongqing – 2nd tier city
Foshan – 2nd tier city
Hangzhou – 2nd tier city
Nanjing – 2nd tier city
Suzhou – 2nd tier city
Tianjin – 2nd tier city
Wuhan – 2nd tier city
Xi-an – 2nd tier city
That does provide a large catchment area for parent Mapletree to dump assets in the future.
Festival Walk and Gateway Plaza
The IPO injects 2 premier properties into the trust.
Festival Walk (又一城), a premier retail and lifestyle destination, comprising a seven-storey territorial retail mall with a four-storey office component on top of the mall, as well as three floors of underground car parks. It is located in Kowloon Tong, an upscale residential area in Hong Kong, and is directly linked to the Kowloon Tong MTR station, which is the interchange for MTR’s local underground metro line (Kwun Tong Line) and the overland railway linking Hong Kong directly to the Shenzhen border (East Rail Line).
Gateway Plaza (佳程廣場), a premier Grade A office building consisting of two 25-storey towers connected by a three-storey atrium, as well as three underground floors. It is located in the Chaoyang district, at the junction of East Third Ring Road and Airport Expressway, and is within the traditional commercial and office area known as the Lufthansa Area in Beijing,
No comments:
Post a Comment