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Author: reitscompass   |   Latest post: Tue, 14 Jan 2020, 1:01 PM

 

Mapleptree North Asia Commercial Trust Is Looking To Re-open Festival Walk Next Year

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Mapletree North Asia Commercial Trust (MNACT)'s manager announced that the REIT is looking to re-open the Festival Walk in Q1 2020. Two months ago, the riot in HongKong had caused the retail mall to suffer extensive damage, which caused the mall to close since then. In Q3 2019, Festival Mall has contributed 62% of the REIT's total income. The loss of rental revenue from the damage will last for about six months which will then have a significant impact on the distribution per unit (DPU).

 

 

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