Sasseur REIT has gained inclusion in the FTSE EPRA Nareit Global Emerging Index, effective 23 December, the Chinese outlet mall REIT said in a filing to SGX Friday.
“We are delighted to reach this new milestone after surpassing the billion-dollar market capitalization mark last month. As we approach our second anniversary of listing in March 2020, it is gratifying that Sasseur REIT will soon be on the radar of many global real estate equity funds,” Anthony Ang, CEO of Sasseur Asset Management Pte. Ltd. (SAMPL), the REIT’s manager, said in the statement.
“We look forward to enjoy higher visibility and trading liquidity from institutional investors through our inclusion in this index,” Ang added.
The FTSE EPRA Nareit Global Emerging Index covers the performance of listed real estate companies and REITs in emerging markets.
Ang said the Sasseur Group has a pipeline of 11 outlet malls in China, positioning the REIT to increase its market share in the high-growth China retail outlet mall segment. He pointed to a forecast from China Insights Consultancy that China’s retail outlet mall market would overtake the U.S.’s in 2030.