Dasin Retail Trust aims to double in size
It plans to achieve this in 3-5 years' time through inorganic acquisitions of sponsor's assets as well as efforts to improve rents.
Add BT as a preferred source
CHINESE shopping mall landlord Dasin Retail Trust's CEO Wang Qiu targets to double the market capitalisation of the business trust from about S$565.3 million (as at April 9) to S$1 billion in three to five years' time.
One way it plans to do so is through inorganic acquisitions of its sponsor Zhongshan Dasin Real Estate's assets, to which it has the right of first refusal (ROFR), Ms Wang said in Mandarin in an interview with The Business Times last month.
The trust is already eyeing some of the better-quality assets such as Sanjiao Metro Mall, Shiqi Metro Mall No.2, Fusha Metro Mall, Xinjiayuan Metro Mall and Xinghui Metro Mall in Zhongshan, Guangdong province.
TRENDING NOW
Buyer for England striker Harry Kane’s former mansion must pay £3.4 million after abandoning deal
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
Fintech titans GCash and Maya test IPO goals as Philippine market thins
As luxury retail goes big, can Singapore’s Orchard Road keep up?
