China Fund News reporter Cao Wenjing
Two more public offering REITs have been approved!
html On the evening of June 28, news from the official website of the China Securities Regulatory Commission showed that two public REIT products, Huatai Nanjing Jianye REIT and China Capital Outlets REIT, had received approval for fund registration, adding new investment tools to the public REIT market.
first order in Nanjing!
Huatai Nanjing Jianye REIT was officially approved
html On June 28, Huatai Zijin Nanjing Jianye Industrial Park Closed Infrastructure Securities Investment Fund (hereinafter referred to as Huatai Nanjing Jianye REIT) was officially approved.According to public information, Huatai Nanjing Jianye REIT's fund type is a contractual closed-end fund, the fund contract period is 40 years, and the total number of shares allowed to be raised by the fund is 400 million.
Supervision agrees that Huatai Securities (Shanghai) Asset Management Co., Ltd. (hereinafter referred to as Huatai Securities Asset Management) is the fund manager of the fund, and China Merchants Bank is the fund custodian of the fund. At the same time, regulatory requirements require that fund raising activities be conducted within 6 months from the date of issuance of this approval, and the fundraising period shall not exceed 3 months from the date of sale of fund units.
It is understood that Huatai Nanjing Jianye REIT is the first approved infrastructure public offering REIT project in Nanjing. The project will be subsequently issued and listed to further revitalize Nanjing's existing infrastructure assets, actively serve the development of technological innovation and new productivity, and help realize the construction of a new Jiangsu that is "strong, rich, beautiful and high".
Public information shows that the original equity holder and operation management organization of Huatai Nanjing Jianye REIT is Nanjing Jianye District High-tech Investment Group Co., Ltd. (hereinafter referred to as "Jianye High-tech Investment"), and the actual controller is the Nanjing Jianye District People's Government. As the most important park development, construction and operation entity in Jianye High-tech Zone, Jianye Hi-tech Investment has been deeply involved in property operations for 17 years. It has a mature business model and investment attraction capabilities, and has a strong first-mover competitive advantage in the region.
The underlying assets of this project are some of the four scientific research and design buildings in the International R&D Headquarters Park in Jianye District, Nanjing. It is located in the southwest of the main city of Nanjing, an urban area with the youngest population structure, where high-tech industries are concentrated and public supporting facilities are complete. The transportation network is dense.
The fund manager of this project, Huatai Securities Asset Management, is a wholly-owned asset management subsidiary of Huatai Securities. It has been deeply involved in the field of asset securitization and infrastructure public offering REITs for many years. It has successfully issued Huatai Jiangsu Traffic Control reit, and another single Huatai Baowan The logistics REIT has been approved in May 2024.
’s first outlet consumer reits are here!
China Capital Outlets REIT was approved
html On June 28, China Capital Outlets Closed Infrastructure Securities Investment Fund (hereinafter referred to as China Capital Outlets REIT) officially received approval for registration from the China Securities Regulatory Commission and obtained No objection letter from Shanghai Stock Exchange.
According to public information, China's first outlet reit, the fund type is a contractual closed-end, the fund contract period is 34 years, and the total number of shares allowed to be raised by the fund is 400 million.
Supervision agrees that China Asset Management is the fund manager of the fund, and CITIC Bank is the fund custodian of the fund. At the same time, regulatory requirements require that fund raising activities be conducted within 6 months from the date of issuance of this approval, and the fundraising period shall not exceed 3 months from the date of sale of fund units.
It is understood that China Capital Outlets REIT is the first domestic consumer infrastructure REIT with outlet projects as its underlying assets. Consumer infrastructure REITs have not only added new members, but also further enriched asset types.
Outlets are known as "brand direct sales shopping malls" and are one of the world's mainstream and mature commercial formats. Since the opening of China's first outlet in 2002, after more than 20 years of development, the outlet format has become an important subcategory in China's retail industry.
Public information shows that Beijing Capital City Development Group (Beijing Land) officially entered the outlet business in 2009. After more than ten years of intensive cultivation, the outlet business segment has entered the lean operation period from the investment expansion period. Beijing Capital Juda is the flagship commercial investment management platform of Capital City Development Group with outlets as its core business. It currently manages 15 outlet projects across the country with a total construction area of approximately 1.8 million square meters. , provincial capital cities and potential consumption cities, and has established good cooperative relationships with domestic mainstream brands that have deployed outlet channels, with a total of nearly 2,000 cooperative brand resources; with excellent comprehensive strength, it has established a market in the outlet industry With its leading position, "First Outlet" has become one of the leading brands in China's outlet industry.
In the future, Capital City Development Group will continue to promote the construction of high-quality consumption scenarios, serve society and people's livelihood, continue to inject high-quality assets in the system into REITs, and actively participate in and promote the high-quality development of the REITs market.
Editor: Captain
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