Dasin to Acquire Doumen Metro Mall

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%.

Dasin Retail Trust
Price0.840 SGD
NAV1.370 SGD
Yield (4 quarters)8.25%
Gearing36.4%