Asia's First U.S. Grocery-Anchored Shopping Center and Self-Storage REIT
Listed on the Main Board of the Singapore Exchange Securities Trading Limited on 12 March 2020, United Hampshire US REIT is a Singapore real estate investment trust ("REIT") established with the principal investment strategy of investing in a diversified portfolio of stabilised income-producing grocery-anchored and necessity-based1 retail properties ("Grocery & Necessity Properties") and modern, climate-controlled self-storage facilities ("Self-Storage Properties") located in the United States of America ("U.S.").
United Hampshire US REIT tenants are e-commerce resistant, with majority of their anchor tenants of Grocery & Necessity assets utilising their physical stores for their omni-channel strategies2.
1. "Grocery-anchored and necessity-based" retail properties are assets which are anchored by non-discretionary spending businesses such as supermarkets and grocers (generally accounting for 50 to 70 per cent of the NLA), complemented by smaller inline tenants (generally each accounting for less than 5 per cent of the NLA) for lifestyle services such as hair salons, laundry and dry-cleaning stores.
2. "Omni-channel platforms" means the utilisation of multiple distribution channels, both physical and digital to allow the retailer to be better positioned to engage with the customer. These channels include the physical store, websites, phones, e-mail offers, social media, and traditional advertisement methods (i.e. print media).