Sasseur Reit focuses on operational resilience, financial prudence to ride out sector headwinds
It aims to build a robust internal corporate culture that prepares the group and employees for the intense competition in the future
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THE Chinese economy has faced headwinds amid a property crisis and prudent consumer behaviour, which has weighed heavily across property groups as well as some real estate investment trusts (Reits).
But outlet-mall player Sasseur Reit is confident that its focus on operational performance, coupled with financial prudence, will allow it to ride out the headwinds in the sector as it eyes long-term growth.
Vito Xu, chairman of Sasseur Reit’s sponsor, Sasseur Group, told The Business Times in an interview that an increasingly saturated outlet market in China coupled with economic downturn poses both challenges and opportunities for Sasseur Group.
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