The Wangjing project of Jiamao Shopping Center is jointly managed by Capital and Beijing Hualian Group. CapitaLand is one of the largest listed real estate companies in Asia, with dozens of shopping centers 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 February 8th, 65438, 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 issue price of the fund is S $65,438+0.65,438+03 (about 5.6 yuan RMB) per share. Opening 1.6 SGD opened higher and left higher. At the close of the day, its price dropped to 65,438 yuan +0.8 yuan, with a premium of more than half.
According to the reporter from Focus Store. As the first retail business REIT used alone in China, CRCT aims to make long-term investment in a diversified asset portfolio consisting of retail malls in China. CRCT's initial asset package includes seven retail stores in five cities in China. The value of the asset package is about S $690 million, and the total leasable area is about 4,654.38+3,000 square meters. Seven of them are Wangjing Shopping Center in Beijing, Jiulong Shopping Center and Anzhen Hualian Department Store, 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. In addition to 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 Jiulong Shopping Center, the building where Shuangjing Carrefour and B&Q stores are located, was acquired by Guardian in June 5438+00 and was included in the first retail commercial trust fund in China. However, Guardian declined to disclose the detailed purchase price. Qin Xiaomei, senior manager of CB Richard Ellis' global research and consulting department, speculated that the acquisition may not belong to the acquisition of listed companies, so it did not appear in the announcement.
"The leases of the commercial properties we acquired are 2-3 years and 3-5 years. Under normal circumstances, the average annual income of Beijing and Shanghai markets is 6%- 1 1%, while Guardian predicts that the China Retail Property Foundation will grow from 5%-8% in the next five years, and the income from 2007 to 2008 is expected to increase from about 380 million to 4.09. We are looking for stability and potential returns. " Guardian real estate people told the media.
At present, Guardian Land's investment in retail business in China is developing very rapidly. In the north, Guardian has established a cooperation plan with Hualian Group. In the south, Guardian chose SZITIC as its partner. According to the agreement between the two parties, CapitaLand has obtained the controlling right of 2 1 mall and has the right to invest in another 17 mall, with SZITIC Investment and Wal-Mart as the core tenants. "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 a retail real estate investment trust fund for the China market."