It took more than 6 months after the release of a news article by The Business Times that S-Reit universe may soon welcome grocery-anchored malls as a new asset class. United Hampshire US Reit has finally lodged its initial prospectus in Singapore and you can refer to this website for their prospectus.

The difference between this new IPO and the existing retail REIT is the amount of leasable area leased to supermarkets or grocery shops. Malls owned by existing retail REIT count supermarkets as their anchor tenant, leasing a small amount of leasable space of the property while the new IPO’s anchor tenant accounts for 50 to 70 per cent of the net lettable area. The other inline tenants of this REIT usually make up less than 5 per cent each and tend to be complementary lifestyle services such as hairdressers and dry cleaners that are resilient to the impact