CICC China Green Development Commercial REIT was successfully listed on the Shenzhen Stock Exchange, raising RMB 1.58 billion with a focus on promoting sustainable infrastructure and boosting consumer confidence.

Target Information

The CICC China Green Development Commercial REIT, which has recently commenced trading on the Shenzhen Stock Exchange, represents a significant step in the realm of real estate investment trusts in China. Launched on June 27, 2023, under the management of CICC as the specialized plan manager and financial advisor, this REIT has issued a total of 500 million shares, raising approximately RMB 1.58 billion. The primary asset it features is the Lingxiu City Guihe Shopping Center, located in Jinan, Shandong Province, which positions itself as a comprehensive lifestyle center that integrates shopping, sports leisure, and everyday services.

Industry Overview

The REIT market in China has seen considerable growth, aligning with the government's encouragement for innovative investment vehicles that enhance domestic consumption and infrastructure development. By launching initiatives targeting infrastructure investment, the authorities aim to stimulate economic recovery and bolster public confidence in consumer markets. This scenario emerges as an opportune time for REITs to penetrate the landscape, especially those focused on commercial and residential properties that can deliver sustainable returns.

Shandong Province, where the Lingxiu City Guihe Shopping Center is located, is one of the most prosperous regions in China, known for its rapid urbanization and expanding middle class. With increasing disposable income level