首单外资消费REITs在上交所上市

Core Viewpoint - The successful listing of the first foreign consumer REIT, Huaxia CapitaLand Commercial REIT, marks a significant milestone for CapitaLand Investment in China, coinciding with the 35th anniversary of diplomatic relations between China and Singapore [1][2] Group 1: Fund Details - Huaxia CapitaLand Commercial REIT was launched with a fundraising target of 2.2872 billion RMB, and the total subscription amount exceeded 309.17 billion RMB during the offering phase [1] - The effective subscription multiples for public and offline investors reached 535.2 times and 252.6 times, respectively [1] Group 2: Management and Operations - CapitaLand Investment serves as the initiator and operational management entity for the REIT, with CITIC Securities as the special plan manager and Huaxia Fund as the fund manager [1] - The underlying assets of the fund include CapitaLand Plaza Yunshang and CapitaLand Plaza Yuhua Pavilion [1] Group 3: Market Potential and Strategy - CapitaLand Investment views the consumer REITs sector in China as having significant market space and development potential [1] - The company manages over 40 shopping centers across 18 cities in China, with total asset value exceeding 80 billion RMB, indicating a strong pipeline for future quality asset injections into the REIT [1] - The issuance of public REITs is expected to enhance CapitaLand Investment's asset liquidity, optimize capital structure, and support new project investments, creating a virtuous cycle of fundraising, investment, management, and exit [2]