Target Company Overview

The Southern SF Logistics REIT (stock code: 180305.SZ), backed by the Hongyi Infrastructure Fund, successfully debuted on the Shenzhen Stock Exchange on April 21, 2025. This strategic investment in logistics marks Hongyi's continued commitment to enhancing its portfolio in logistics infrastructure, following its previous investment in the Jiuzhoutong Pharmaceutical Logistics REIT. The REIT focuses on core logistics hub assets spanning three key locations: Shenzhen, Wuhan, and Hefei, encompassing a total construction area of 485,000 square meters.

The primary business of the project consists of distribution centers that meet the essential requirements for SF Express's courier, cold chain, and air transportation services. Among these, the Shenzhen South China Transfer Center stands out as one of SF Holdings’ most critical assets, serving a pivotal role in regional air logistics. This asset is notable as the first domestic aviation logistics REIT, emphasizing its unique and scarce value in the market.

Logistics Industry Overview in China

China's logistics sector has been on a significant growth trajectory, driven by strong market demand and supportive government policies. By 2024, the express delivery volume is projected to reach 174.5 billion parcels, with total social logistics exceeding 360 trillion yuan, reflecting a year-on-year growth acceleration of 0.6 percentage points. Such robust growth underscores the importance of logistics as a backbone of the national economy.

As part of China's broader modernization agenda, the

View Original Article