The resilience of outlet malls in China
Sasseur Reit says China's outlet mall industry has been growing at a steady rate of about 30% year on year over the past 5 years.
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ONLINE shopping may be changing the physical retail landscape and affecting traditional mall operators. But one segment of the industry seems to remain unfazed - outlet malls.
In March this year, Sasseur real estate investment trust (Reit) made its debut on the Singapore bourse at 80.5 Singapore cents apiece, slightly above its offer price of 80 Singapore cents. As the first outlet mall Reit to be listed in Asia, Sasseur's S$396 million initial public offering (IPO) has made it one of the highest IPO listings in recent times.
Asked how the physical retail space in China has been impacted by e-commerce, chief executive of Sasseur Reit Anthony Ang notes that he is "not too concerned", as the outlet mall industry in China is still poised for growth.
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