Sasseur REIT Makes First Acquisition Since IPO

News about Sasseur Real Estate Investment Trust

Sasseur REIT makes its first purchase since being listed by acquiring shop units at Hefei Outlets. With a total gross floor area of 6,133 m². the tenanted units have a WALE of 5.4 years. The transaction of RMB 98.3 million (about S$19.6 million) will be funded by existing cash, and the manager expects the acquisition to be both DPU and NAV accretive.

Sasseur Real Estate Investment Trust
Price0.790 SGD
NAV0.863 SGD
Yield (4 quarters)8.61%
Gearing29.7%