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Huaan Bailian Consumer REIT listed on the Shanghai Stock Exchange

2024-08-16

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On August 16, Huaan Bailian Consumer Closed-end Infrastructure Securities Investment Fund (Fund Code: 508002, Fund Abbreviation: Huaan Bailian Consumer REIT) was officially listed on the Shanghai Stock Exchange.

Huaan Bailian Consumer REIT, with Guotai Junan Securities as the financial advisor and Huaan Fund as the public fund manager, is the fifth consumer infrastructure REITs project approved in China and the first consumer infrastructure REITs project with underlying assets located in the core business district of Shanghai. Its successful listing marks the further expansion of my country's consumer infrastructure REITs market, which will help enrich investment targets for investors, help Shanghai build an international consumer center city, and promote high-quality development of consumer infrastructure. During the fund unit issuance stage, Huaan Bailian Consumer REIT achieved offline oversubscription, and the public part of the fundraising ended ahead of schedule.

The fundraising scale of Huaan Bailian Consumer REIT is RMB 2.332 billion. The first issuance asset is Shanghai Citywalk Shopping Center located in Yangpu District, Shanghai. The project has a construction area of ​​approximately 125,000 square meters. It has been operating stably for more than 17 years since its opening in 2007. It is a shopping center integrating shopping, catering, leisure, entertainment and other functional business formats.