Sasseur REIT property, Sasseur (Chongqing) Outlets, in Chongqing City. (Photo: Sasseur REIT)

Sasseur REIT, which has lodged a preliminary prospectus with the Monetary Authority of Singapore, looks set to be the first outlet malls REIT to be listed in Asia.

The REIT, which will have an initial portfolio of four property clusters in China, aims to capitalise on the growing demand for outlet malls in the region by listing on the Singapore Exchange.

Sasseur REIT is sponsored by Sasseur Cayman Holding Limited, a holding company incorporated in 2011, and developer and operator of retail outlets in China.

“Unlike traditional retailing formats such as department stores and shopping malls, sales through outlet malls in the People’s Republic of China are experiencing strong growth”, said Sasseur REIT in its preliminary prospectus.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.