PCRT

PCRT: announced the official opening of its Perennial Jihua Mall (PJM) in Foshan, Guangdong on Friday, 23 Aug. The mall is part of PCRT’s IPO portfolio of assets, and also PCRT’s first 100% owned operational asset. ~280k shoppers thronged through the mall’s doors on the first three days of business. To-date, PJM has achieved a committed occupancy of 93%, underpinned by anchor tenants Yonghui Superstore supermarket and Jinyi Media Corp Cineplex, and international brand names such as Massimo Dutti, Bershka, Stradivarius, Oysho, Monki, Asobio and Daiso. PCRT offers 7.4% FY13e consensus yield.