【新华财经调查】盘活存量商业资产！一线实勘中国绿发首单消费基础设施REITs项目

Core Viewpoint - The approval and registration of the CICC China Green Development Commercial Asset Closed-End Infrastructure Securities Investment Fund marks the launch of the ninth consumer REIT in China, focusing on the Jinan Lingxiucheng Guihe Shopping Center as its underlying asset [1][2]. Group 1: Project Overview - The underlying asset, Jinan Lingxiucheng Guihe Shopping Center, is the largest single commercial project in southern Jinan, with a total construction area of approximately 200,900 square meters [2]. - The shopping center is strategically located near major transportation hubs, enhancing its accessibility and potential customer base, with a resident population of 475,500 within a 3-kilometer radius [2]. Group 2: Financial Performance - The projected net operating income (NOI) for the Jinan Lingxiucheng Guihe Shopping Center in 2024 is estimated to be 95.261 million yuan [3]. Group 3: Market Positioning and Strategy - The shopping center benefits from a stable consumer base, strong local market presence, and the backing of a state-owned enterprise, which provides confidence in its selection as the initial asset for the REIT [2]. - The management emphasizes the importance of diversifying customer traffic and enhancing profitability through innovative operational strategies, including green and intelligent initiatives [4][5]. Group 4: Future Plans and Expansion - The original equity holder aims to utilize public REITs to enhance asset management capabilities and support the national strategy of expanding domestic demand and boosting consumer confidence [6]. - Future plans include the potential inclusion of additional quality assets into the REIT platform, with a focus on creating a robust commercial asset management system [7].