华夏凯德商业REIT获批 准予募集基金份额4亿份

Group 1 - The approval of Huaxia CapitaLand Commercial REIT marks a significant step towards the internationalization and diversification of China's public REITs market, becoming the first foreign-funded consumption REIT in the domestic market [1][2] - The REIT will focus on high-quality shopping center assets in first and strong second-tier cities, with an overall occupancy rate of approximately 96% as of March 31, 2025, highlighting its growth potential and stability [2][3] - The REIT's underlying assets include two major projects in Guangzhou and Changsha, with a total construction area of 168,405 square meters, showcasing a robust brand portfolio and stable rental income [2][4] Group 2 - The issuance of the REIT reflects foreign investment confidence in China, aligning with the country's economic transformation and capital market opening, while leveraging a light asset model to drive capital circulation [3][4] - China's public REITs market has accelerated significantly, with over 70 public REITs listed and a total issuance scale exceeding 200 billion yuan, establishing itself as the largest market in Asia and the second largest globally [3][4] - The rise of consumption REITs in China is driven by the dual forces of consumption upgrading and capital market reform, positioning them as key tools for revitalizing assets and promoting domestic demand [4][5] Group 3 - CapitaLand has over 30 years of operational experience in the Chinese market, managing over 40 high-quality shopping center assets with an asset management scale exceeding 80 billion yuan and an average occupancy rate above 95% [5][6] - The company employs a comprehensive asset management approach, enhancing asset value through a full-cycle management system, which is expected to contribute to the high-quality development of China's economy [6]