L Catterton Asia significantly reduces stake in Sasseur REIT

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The Asian unit of International private equity firm L Catterton is no longer a substantial unitholder of China-focused Sasseur REIT.

The firm’s deemed stake in Sasseur REIT has reduced significantly from 58.86% to 1.36% after retiring a portion of its interest in the REIT’s sponsor.

L Catterton manages over USD15 billion in equity capital across 17 global offices.

Meanwhile, Sasseur REIT is a Singapore-listed real estate investment trust, with a portfolio of four outlet malls across China.

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