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

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 plays a big part. "They need the stores to push the products," he said.