Forterra Trust (formerly: Treasury China Trust)

[thefarside]

A write-down of its properties has started finally. More could come?

Finally, the company realizes that it is not reasonable to expect that kind of return from its investment properties.

I suppose they only do these (revaluations) once a year. So more would be... next year?

It looks like they are struggling to line up tenants for their flagship property, or get the rate they want. If filling tenancy up is an issue, then it is better to launch later with a proper set of tenants than now with a half-filled mall.

Also worth noting that the last time the gross revenue number was quoted either in this thread or by the management, it was somewhere about 700 mil RMB. Now it is "in excess of 500 mil RMB".