Mapletree Greater China Reit sets aside 55% of IPO for cornerstones

The commercial property trust is seeking to raise $1.3 billion pre-shoe from Singapore’s largest Reit IPO ever.

Mapletree Greater China Commercial Trust (MGCCT) has attracted 11 cornerstone investors to support its initial public offering, which is seeking to raise between S$1.52 billion and S$1.61 billion ($1.2 billion to $1.3 billion).

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