Mapletree Greater China Trust to fix IPO price at the top

The trust raises $1.3 billion from the deal, which is heavily subscribed by institutional investors and ranks as the largest Reit IPO in Singapore ever.

<div style="text-align: left;"> Festival Walk, which accounts for three-quarters of MGCCT's property value </div>

Anette Jönsson

February 27, 2013

Mapletree Greater China Commercial Trust (MGCCT) is expected to price its initial public offering at the top of the range today after attracting huge interest from institutional investors, sources say. This will allow it to raise S$1.61 billion ($1.3 billion) from what will be the largest IPO by a real estate investment trust (Reit) in Singapore ever.

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