每经记者｜刘颂辉 每经编辑｜陈梦妤 中建六局5亿元"卖"掉了总部大楼。 位于天津市河东区核心板块的中建中心，近期作为底层资产登陆上交所，发行写字楼持有型不动产ABS（资产支持专项计划，此为机构间REITs），发行 规模5.04亿元，产品期限30年。 为何将总部大厦打包发行金融产品？ 中建六局方面表示，该产品具备持续扩募能力，为打造"投、建、融、运、管、退"全周期商业模式树立实践样板案例，中建六局（中建丝路）将以此为契 机挖掘与培育优质存量资源，提升资产运营管理水平，拓展多元化资产盘活路径，为高质量发展注入强劲动能。 财务方面，债券报告显示，截至2025年三季度末，中建六局实现营业总收入547.59亿元，同比增加1.92%；净利润9.09亿元，同比增加3.73%；归母净利润 4.12亿元，同比减少36.95%。 作为"中建八子"之一的建筑业巨头，中建六局仍有一定的偿债压力，短期借款达到156.24亿元，一年内到期的非流动负债为35.49亿元，而货币资金只有 112.75亿元。 注：机构间REITs，也称为持有型不动产ABS，是一种以持有型不动产为基础资产、在交易所挂牌交易、可以与公募REITs衔接的场内标准化权 ...

Core Viewpoint - China State Construction Sixth Engineering Division (CSCEC 6th Bureau) has issued a 5.04 billion yuan asset-backed security (ABS) for its headquarters building, the Zhongjian Center, located in Tianjin, as part of a strategy to enhance asset management and diversify financing options [1][2][4]. Group 1: Financial Product Details - The ABS issued is a type of real estate investment trust (REIT) known as an inter-institutional REIT, which allows for flexible asset admission and efficient issuance processes [6]. - The total area of the Zhongjian Center is approximately 57,000 square meters, featuring a 100% occupancy rate with various high-profile tenants [2][4]. - The issuance aims to create a model for a full-cycle commercial operation, enhancing the company's asset management capabilities [4]. Group 2: Financial Performance and Debt Situation - As of Q3 2025, CSCEC 6th Bureau reported total revenue of 54.759 billion yuan, a year-on-year increase of 1.92%, while net profit was 909 million yuan, up 3.73% [4]. - The company faces significant debt pressure, with short-term borrowings amounting to 15.624 billion yuan and non-current liabilities due within one year totaling 3.549 billion yuan, against cash reserves of only 11.275 billion yuan [4]. - The total bond issuance by CSCEC 6th Bureau stands at 5 billion yuan, with 4.5 billion yuan maturing within one year [4]. Group 3: Market Context and Future Outlook - The inter-institutional REIT market is expected to see explosive growth, with an estimated issuance scale of approximately 47.5 billion yuan by the end of 2025, marking a threefold increase from the previous year [6]. - The issuance of such financial products is seen as beneficial for companies, allowing them to realize profits from asset valuations and reduce overall liabilities [8][9]. - The regulatory environment is supportive, with recent policy updates expanding the types of assets eligible for REITs, including commercial office spaces and hotels [8].

中建六局5亿元"卖"掉了总部大楼。 位于天津市河东区核心板块的中建中心，近期作为底层资产登陆上交所，发行写字楼持有型不动产ABS（资产支持专项计划，此为机构间REITs），发行 规模5.04亿元，产品期限30年。 注：机构间REITs，也称为持有型不动产ABS，是一种以持有型不动产为基础资产、在交易所挂牌交易、可以与公募REITs衔接的场内标准化权益型融资 产品。 存在一定偿债压力 此次在上交所设立的"中信建投—中国建筑商业物业持有型不动产资产支持专项计划"，以中建六局旗下中建地产（天津）有限公司的中建中心写字楼物业 为标的资产，中建集团财务资金部统筹，中建六局（中建丝路）、中建资本联合实施。 中建中心位于天津市河东区，是中建六局总部所在地，总建筑面积约5.7万平方米，建筑规划为地下2层，地上26层，包含5A级标准写字楼、中建悦东方住 宅和商业等配套设施。 据中建六局方面介绍，中建中心除了自用办公之外，已入驻多家全国性商业银行，写字楼出租率100%，引入了城市级银行、高端星级餐厅、潮流美业等 业态。 为何将总部大厦打包发行金融产品？ 中建六局方面表示，该产品具备持续扩募能力，为打造"投、建、融、运、管、退"全 ...