Group 1 - The China International Capital Corporation (CICC) has received approval from the China Securities Regulatory Commission (CSRC) for the registration of the CICC Vipshop Outlet Closed-End Infrastructure Securities Investment Fund (referred to as "CICC Vipshop Outlet REIT") [1] - CICC Vipshop Outlet REIT represents a significant exploration in the domestic capital market by Vipshop, a leading brand discount e-commerce platform in China, utilizing high-quality outlet assets to provide a quality sample for the continuous expansion of consumer infrastructure REITs [1] - Vipshop, listed under the stock code "VIPS," is recognized as a major player in the brand discount e-commerce sector, focusing on "brand flash sale" discount products, and has built a large loyal consumer base and strong brand partnerships over more than a decade [1] Group 2 - The first infrastructure asset intended for investment by CICC Vipshop Outlet REIT is the Shijie Outlet project located in Ningbo, which consists of three phases with a total construction area of approximately 104,300 square meters and a commercial building area of about 83,300 square meters [2] - The Shijie Outlet project has been in stable operation for over 13 years since its opening in 2011 and is considered a representative of high-quality outlet assets within the Shanshan Commercial system [2] - The project is strategically located near Ningbo Lishe Airport, with convenient transportation and a strong customer gathering ability, maintaining an average annual compound growth rate of 8.70% in operating income from 2022 to 2024, and a rental occupancy rate of over 97% [2]
中金唯品会奥莱REIT获批