The Jiamao Shopping Center Wangjing Project is jointly managed by Captialand Beijing Hualian Group. CapitaLand is one of the largest listed real estate companies in Asia, with dozens of shopping malls in Singapore and successfully operating raffles city in Shanghai. Beijing Hualian Group has two listed companies, which operate large city shopping centers, department stores and large comprehensive supermarkets respectively. At present, it is one of the largest large chain commercial groups in China.
on December 8th, Jiamao Commercial China Trust Fund ("CRCT"), a private equity trust fund under Guardian Land in Singapore, was officially listed on Singapore Stock Exchange ("SGX-ST").
The offering price of this fund is S $1.13 (about 5.6 yuan RMB) per share. At the opening of S $1.6, it opened higher and went higher. At the close of the day, its price fell on S $1.8, with a premium of more than half.
According to the reporter of Focus Shop. com, as the first retail business REIT solely used in China, CRCT aims to invest in a diversified asset portfolio composed of China retail malls for a long time. CRCT's initial asset package consists of seven retail malls strategically located in five cities in China. The asset package is worth about S $69 million, with a total leasable area of about 413, square meters. Seven of them are Wangjing Shopping Center, Jiulong Shopping Center and Anzhen hualian department store in Beijing, Qibao Shopping Center in Shanghai, Zhengzhou Shopping Center in Zhengzhou, Jinyu Shopping Center in Hohhot and Jiaxin Mao Plaza in Wuhu.
Of the seven retail stores, Beijing occupies three. Besides the well-known Wangjing Jiamao and Anzhen Hualian, there is also a relatively unfamiliar project-Kowloon Shopping Center. Beijing Kaide Land told reporters that the so-called Kowloon Shopping Center is the building where Carrefour and B&Q stores are located in Shuangjing. Guardian completed its acquisition in October and listed it as the first retail business trust fund in China. However, Guardian refused to disclose the detailed purchase price. Qin Xiaomei, senior manager of CB Richard Ellis Global Research Consulting Department, speculated that the acquisition might not be a purchase behavior of a listed company, so it did not appear in the announcement.
"The leases of commercial properties we have acquired are 2-3 years and 3-5 years. Usually, the average annual income in Beijing and Shanghai is 6%-11%, while Guardian expects the China Retail Property Foundation to grow from 5%-8% in the next five years, among which the income is expected to increase from about 38 million to 49 million in 27-28, that is, the rate of return is from 5.4. We are looking for stable and potential returns. " Guardian real estate people told the media.
At present, Guardian Land's investment in China's retail business is developing very rapidly. In the north, Guardian has established a cooperation plan with Hualian Group. In the south, Guardian chose SZITIC as the partner. According to the agreement between the two parties, CapitaLand acquired the controlling rights of 21 shopping malls and had the right to invest in another 17 shopping malls with SZITIC investment and Wal-Mart as the core tenant. "To this end, the commercial real estate department of Guardian Land has set up a professional team in the north and a professional team in the south to manage its retail business in China." Beijing Kaide Land revealed. Qin Xiaomei speculated that "Guardian Land will also launch retail REIT for the China market."