资产规模28亿元！首支外资中国消费基础设施公募REIT来了

Core Viewpoint - The Chinese public REITs market is expanding, with CapitaLand submitting an application for its first consumer infrastructure public REIT, CapitaLand Commercial C-REIT, marking a significant entry for international asset management firms in China [1][6]. Group 1: REIT Details - CapitaLand Commercial C-REIT will include two initial assets: CapitaLand Plaza Yunshang in Guangzhou and CapitaLand Plaza Yuhua Pavilion in Changsha, with a total scale of approximately 2.8 billion RMB and a total building area of 168,400 square meters, achieving an overall occupancy rate of about 97% [1][6]. - CapitaLand Plaza Yuhua Pavilion, located in a mature community area, underwent asset upgrades in March 2023, resulting in a 15% return on investment from the renovations, indicating successful repositioning [2]. - CapitaLand Plaza Yunshang, situated in the core area of Guangzhou's Baiyun New Town CBD, was acquired for 2.19 billion RMB and has become a notable commercial landmark since its opening in 2015 [4]. Group 2: Strategic Implications - The successful issuance of CapitaLand Commercial C-REIT would not only expand CapitaLand's listed fund size but also reinforce its leading position as the largest REIT issuer and manager in the Asia-Pacific region [6]. - Since its restructuring in 2021, CapitaLand has recovered a total of 24 billion SGD in capital, with 11 billion SGD sourced from China, indicating a strong commitment to the Chinese market [6]. - The application for the commercial REIT aligns with CapitaLand's asset-light strategy and aims to tap into domestic long-term equity capital, complementing its existing Singapore-listed fund which primarily targets international investors [6].