Huaxia Capita Commercial REIT has been officially approved, with a planned fundraising of 3.873 billion yuan

On June 22, the Huaxia Capita Closed-end Commercial Real Estate Securities Investment Fund (referred to as "Huaxia Capita Commercial REIT") officially obtained the approval for registration from the China Securities Regulatory Commission and the no-objection letter from the Shanghai Stock Exchange. Its approval also means that the scale of China's public offering REITs market has been further expanded.

Huaxia Capita Commercial REIT is China's first commercial real estate REITs product initiated by an international real estate asset management company, with an intended fundraising scale of 3.873 billion yuan. The original equity holder and operation management institution is CapitaLand Investment, and the fund manager is Huaxia Fund.

Its initial assets are two commercial projects, Shenzhen Raffles City and Mianyang CapitaMall Fucheng, with a total construction area of approximately 340,000 square meters and a total valuation of approximately 4.811 billion yuan.

Shenzhen Raffles City is located in Nanshan District, Shenzhen, covering various business formats such as shopping centers, office buildings, and serviced apartments; CapitaMall Fucheng is located in Mianyang, Sichuan Province. In the past three years, its core indicators such as passenger flow, sales volume, and net operating income have all shown an upward trend.

Shenzhen Raffles City

CapitaMall Fucheng

The original equity holder and operation management institution of Huaxia Capita Commercial REIT is CapitaLand Investment, which currently holds shares in 8 public offering REITs in the Asia-Pacific region, with a fund asset management scale of approximately S$75 billion.

Its fund manager is Huaxia Fund. As of the end of last year, Huaxia Fund managed 19 REITs products, distributed in urban agglomerations such as the Beijing-Tianjin-Hebei region and the Greater Bay Area, with a management scale of over 44.6 billion yuan.