Overview
Dasin Retail Trust is a business trust listed on the Main Board of the SGX-ST Dasin Retail Trust's principal investment mandate is to invest in, own or develop land, uncompleted developments and income-producing real estate in Greater China, used primarily for retail purposes, as well as real estate related assets, with an initial focus on retail malls.
Dasin Retail Trust's Initial Portfolio had an aggregate value of RMB4.6 billion (equivalent to approximately S$944.7 million) as at 30 June 2016, and comprised of three properties located in Zhongshan City in PRC, with an aggregate GFA of approximately 314,884.9 sqm
The Initial Portfolio was selected based on the Trustee-Manager's aim of striking a balance between properties which were mature and those which were completed but not fully stabilised so as to offer Unitholders a good mix of growth and income The Trustee Manager had identified three Properties as capable of being restructured and for which approvals were already in place, or may be obtained prior to Listing The Properties are quality income producing assets that can meet investors' expectations on cash distributions of Dasin Retail Trust, while ensuring that these Properties have potential for growth in the foreseeable future through the Sponsor's and Trustee Manager's strong development and operational capabilities.
As at 31 December 2021, the Trust’s portfolio comprises seven retail malls located in Zhongshan, Zhuhai and Foshan cities in Guangdong, PRC, valued at approximately RMB11.3 billion (S$2.4 billion). These properties host a tenant base of over 500 local and international retailers.
