News about BHG Retail REIT —
BHG Retail Trust is eyeing the acquisition of Badaling Outlets, a S$455 million outlet mall in Beijing. Comprising 14 buildings, the property has a Net Property Income yield of 8.7% and an occupancy rate of 100%.
In an unusual move, the trust will fund part of the purchase by paying the vendor with 260 million new shares issued at S$0.75, to be completed with cash from a more traditional private placement of over 94 million new units.