SINGAPORE (June 5): Sasseur REIT, the operator of China outlet malls, has recently listed on the Singapore Exchange (SGX), and currently has four outlet malls in China – mainly Chongqing, Bishan, Hefei and Kunming.
The REIT has strategically selected its portfolio to be located in fast-growing Tier-2 cities in China to gain a first-mover advantage.
In an unrated report on Monday, KGI analysts say that this is to tap into the cities’ growing middle-class population, creating a large potential customer base for the outlet mall market and with a unique design concept towards outlet shopping, Sasseur is aiming to become the “outlet-to-go” in these cities.
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