SINGAPORE (Dec 6): Sasseur Real Estate Investment Trust (Sasseur REIT) is set to join the FTSE EPRA Nareit Global Emerging Index from Dec 23.
The index, a collaboration between FTSE Russell, the European Public Real Estate Association (EPRA) and the National Association of Real Estate Investment Trusts (Nareit), covers the performance of listed real estate companies and REITs in emerging markets.
The index is also seen as the leading benchmark for listed real estate investments.
CEO of Sasseur REIT’s manager Anthony Ang says that the inclusion would result in the group being soon be on the radar of many global real estate equity funds.
“We look forward to enjoy higher visibility and trading liquidity from institutional investors through our inclusion in this Index. Our team at Sasseur REIT will strive to engage with this enlarged investment community and promote Sasseur’s value proposition by leveraging on the first mover advantage of our unique Entrusted Manager Agreement (EMA) income model,” says Ang.
“With the support of our sponsor, the Sasseur Group which has a pipeline of eleven outlet malls in China currently under its management, Sasseur REIT is well-positioned to increase its share of the high growth China retail outlet market that is forecasted to overtake the U.S. market in 2030 at US$96.2 billion,” adds Ang.
As at 3.23pm, units in Sasseur REIT are trading one cent higher, or 1.1% up, at 88.5 cents.
