News about Dasin Retail Trust —
Dasin Retail Trust announce the planned acquisition of Doumen Metro Mall, a retail property in the Doumen District in Zhuhai, China. With about 75,637 m² of Net Lettable Area, the property has an occupancy rate of 99.7% and a Weighted Average Lease Expiry (by Gross Rental Income) of 5.8 years. It sits on land leased until 2052.
The cost of about S$317.1 million will be financed by debt and raising capital through a private placement, increasing the total number existing units by about 15.1%.