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Sasseur REIT
28-03-2018, 02:49 PM.
Post: #1
Sasseur REIT
Sasseur REIT is a Singapore real estate investment trust established with the investment strategy of investing principally, directly or indirectly, in a diversified portfolio of income-producing real estate which is used primarily for retail outlet mall purposes, as well as real estate related assets in relation to the foregoing, with an initial focus on Asia.

The Initial Portfolio will comprise 4 properties located in the People’s Republic of China ("PRC") :
#. Property, Expiry Year of Land Use Rights
1. Chongqing Outlets, 2047
2. Bishan Outlets, 2051
3. Hefei Outlets, 2053
4. Kunming Outlets, 2054

Offering Price of S$0.80 per Unit.

7.5% Distribution Yield for Forecast period 2018.

Total number of Units to be offered under the Offering (subject to the Over-Allotment Option) : 266,562,500 Units
* Placement Tranche: 252,812,500 Units
* Public Offer: 13,750,000 Units

Over-Allotment Option is An option granted by the Unit Lender to the Joint Bookrunners and Underwriters to purchase from the Unit Lender up to an aggregate of 32,000,000 Units at the Offering Price, solely to cover the over-allotment of Units (if any).

The sponsor :  Sasseur Cayman Holding Limited.

Following the Offering, the Sponsor is expected to indirectly hold approximately 55% (assuming the Over-Allotment Option is exercised in full) to approximately 58% (assuming the Over-Allotment Option is not exercised) of the Units as at the Listing Date.

The total number of outstanding Units immediately after completion of the Offering and the Redemption will be 1,180,280,000 Units.

Sasseur REIT opened at S$0.805 today.
Specuvestor: Asset - Business - Structure.

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