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United Hampshire US Reit launches IPO at US$0.80 per unit

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CEO Robert Schmitt says grocery- and necessity-based retail has the added benefits of being recession-resistant and cycle-agnostic.

Singapore

THE "retail apocalypse" won't affect too much the asset classes that United Hampshire US Reit invests in, according to Robert Schmitt, CEO of the Reit manager.

In a meeting with media on Tuesday, he said that for grocery- and necessity-based retail, brick-and-mortar still...