US grocery space player could add to S-Reit asset classes

Singapore

THE sponsors of United Hampshire US Reit are looking to raise up to US$400 million from the Singapore market, and are on the lookout for cornerstone investors.

The Business Times understands that no meaningful range for a projected yield has been set yet, given the lack of precedence of the asset class in the real estate investment trust (Reit) sector here.

The firm's assets - a mix of grocery-led shopping centres and self-storage as…