Sasseur REIT Rejects Offer to Acquire Xi'an Outlet Mall
SGX Filings
Jan 27
Sasseur Real Estate Investment Trust announced on Jan, 27 2026 that its trustee, DBS Trustee Limited, has declined a right-of-first-refusal offer from sponsor Sasseur Cayman Holding Limited to purchase the Sasseur Xi'an Outlets property in China.
The manager said the proposed acquisition would not be accretive to the trust’s distribution per unit and net asset value per unit and would cause material dilution under reasonable funding-cost assumptions.
Sasseur REIT added that it will instead seek high-quality, distribution-accretive assets in South-East Asia and other regions to enhance long-term value and diversify its portfolio.
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