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United Hampshire US REIT acquires Wallingford Fair Shopping Center at below valuation

Teo Zheng Long
Teo Zheng Long • 1 min read
United Hampshire US REIT acquires Wallingford Fair Shopping Center at below valuation
The property's anchor tenant is ShopRite, a leading supermarket with stores in six U.S. states. Photo: United Hampshire US REIT
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United Hampshire US REIT (SGX:ODBU) has acquired a new freehold property, Wallingford Fair Shopping Center, for US$21.4 million, which is about 8.2% below independent valuation of US$23.3 million.

The property is a grocery-anchored freehold retail property located in Wallingford, Connecticut.

The property's anchor tenant is ShopRite, a leading supermarket with stores in six U.S. states and has been operating at the property since 2010.

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