"The manager has considered the offer and is of the view that acquiring the property based on the proposed terms set out in the offer would not be accretive to Sasseur REIT’s DPU," reads its announcement.
Sasseur Asset Management, manager of Sasseur REIT, has turned down the acquisition of a mall offered by its sponsor.
Under its right of first refusal arrangement, the REIT has the first dibs to acquire the Sasseur (Xi'an) Outlets.
