Sasseur Reit is the latest investment trust to file a lodging to list in the attractive Singapore Reits platform, is offering 266.6m units at 80 cents per share.
This comprises of 252.8m placement shares, which are mostly taken up by institutional investors and public tranche of 13.8m which are available for the public.
Public can start bidding from the 21st March and closes noon on the 26th March.
It is expected to commence trading on the 28th March.
Sasseur Reit will debut with an initial portfolio comprising of 4 retail outlet malls located across the growing city of the PRC, namely Chongqing, Bishan, Hefei and Kunming.
Their occupancies rate as of 23rd Feb 2018 are at 96.4%, 91.5%, 95.8% and 96.1% respectively.
They are the first outlet mall to be listed as a Reit in Asia.
The portfolio offers …