Prologis(US:PLD) Guo Ji Jin Rong Bao·2025-09-23 11:10Core Viewpoint - The approval of the Huaxia Anbo Warehouse Logistics Closed-End Infrastructure Securities Investment Fund (Huaxia Anbo Warehouse REIT) marks a significant step in the development of China's logistics infrastructure industry, reflecting the increasing interest of foreign enterprises in the Chinese public REITs market [1][2]. Group 1: Company Overview - Huaxia Anbo Warehouse REIT is initiated by Prologis, L.P., a leading global logistics warehouse facility investor and operator, with a total asset management area of 121 million square meters across 20 countries [1]. - Prologis entered the Chinese market in 2003 and currently operates 44 logistics centers in 24 core consumer cities in China, covering an asset area of approximately 5.3 million square meters [1][2]. Group 2: Asset Details - The underlying assets of Huaxia Anbo Warehouse REIT are three benchmark projects located in the Guangdong-Hong Kong-Macao Greater Bay Area: the Anbo Guangzhou Development Zone Logistics Center, the Anbo Dongguan Shipai Logistics Center, and the Anbo Dongguan Hongmei Logistics Center [1]. - This REIT is the only product among listed and declared warehouse logistics REITs with all assets located in the Greater Bay Area [1]. Group 3: Market Context - The logistics demand in the Guangdong-Hong Kong-Macao Greater Bay Area is robust, with the three assets serving a large consumer base and established retail networks [2]. - The assets are designed and managed according to international leading standards, ensuring high maturity and good operational status, primarily used for urban distribution [2]. Group 4: Strategic Importance - The approval of Huaxia Anbo Warehouse REIT is seen as a reflection of the accelerating layout of foreign capital in China's public REITs market and is expected to significantly contribute to the development of the logistics infrastructure industry in China [2]. - The core management team of the operating management institution comes from Prologis China, with over 15 years of experience in the industry [2]. Group 5: Executive Insight - The Chairman of Prologis China, Wu Juan, emphasized that issuing public REITs in China is a crucial tool for expanding investments, enhancing capital operation efficiency, and providing opportunities for domestic and foreign investors to participate in the logistics infrastructure sector [3].