MGCCT aims to invest, directly or indirectly, in a diversified portfolio of income-producing real estate in the Greater China region which is used primarily for commercial purposes (including real estate used predominantly for retail and/or offices), as well as real estate-related assets.
MGCCT is the first and only REIT that offers investors the opportunity to invest in best-in-class commercial properties situated in prime locations in both Hong Kong and Mainland China.
MGCCT’s investment mandate will include Hong Kong, first tier cities in China (Beijing, Shanghai, Guangzhou and Shenzhen) and key second tier cities in China (Chengdu, Chongqing, Foshan, Hangzhou, Nanjing, Suzhou, Tianjin, Wuhan and Xi’an).
MGCCT had 2 initial portfolios namely the Festival Walk in Hong Kong and Gateway Plaza in Beijing, China.
Festival Walk
A landmark territorial retail mall and lifestyle destination with an office component, located in the upscale residential area of Kowloon Tong, Hong Kong.
Gateway Plaza
A premier Grade A office building with a retail atrium located in the established and prime Lufthansa Area in Beijing, China.
MGCCT is definitely one of the best REITs investment portfolio that should be included as it had exposure from the China and Hong Kong market. The recent 3rd quarter result released on 23rd January 2014, indicated that their available Distribution Per Unit of 1.5181 cents exceeds forecast by 16.6%. 89% of the expiring leases in FY 13/14 had been renewed and they had minimised exposure to interest rate volatility by fixing interest cost on 71% of debt until end of FY 15/16.
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