The team continues to expand!The third REITs of Huaxia Fund was accepted

On July 22, 2022 (last Friday), the Shenzhen Stock Exchange's public offering REITS information platform shows that Huaxia Fund Management Co., Ltd. (hereinafter referred to as Huaxia Fund), the third REITS product of Huaxia Hefei High -tech Industrial Park The securities investment fund was accepted, and the other two products that have been approved for listing are Huaxia Yuexiu High Speed ​​REIT and Huaxia China Communications Construction REIT.

Huaxia Fund's third REITS product is accepted

According to the data, the newly declared REIT of the Huaxia Fund, the infrastructure project is the ownership of the first phase of the Hefei Innovation Industrial Park project and the right to use the state -owned construction land within the corresponding range.

According to the content of the latest fund recruitment book (application draft), the land use area of ​​the infrastructure project is 146,759.30 square meters, and the total construction area is 356,800 square meters. The annual completion is invested and operated. A total of 22 houses and 3 underground garages are held by Hefei Gaoxin Ruicheng Technology Service Co., Ltd. and Hefei Gaoshima Technology Service Co., Ltd., respectively.

The operating model of the project company is the "industrial operation model": the industrial park not only conducts early investment and construction, but also is responsible for the construction of the industrial chain. The operation model covers the investment promotion, investment incubation, and enterprise services of the enterprise.

Specifically, the profit of the project company rely on the industrial gathering within the Hefei High -tech Zone, with industrial investment as the core, its own property as the carrier, to provide tenants with office, scientific research space and rental income. In addition, it provides the necessary supporting facilities for tenants, and the project company also has partial area to the bottom of the property to support the company, so as to obtain supporting rental income, and rent underground parking spaces to get parking fees.

The recruitment book shows that according to the "Construction Engineering Planning License" of infrastructure projects, the building functions of the infrastructure projects include industrial research and development, research and development, garages, canteens, single dormitory, supporting business, etc. In addition, according to infrastructure project -related non -dynamic property certificates, the right to use the state -owned construction land occupied by infrastructure projects will expire in 2059.

As the asset evaluation agency, the Lianlian evaluation evaluated the infrastructure assets of the asset evaluation agency and issued a valuation report. The report shows that the two sub -projects Gao Xinrui assets and Gaoxin Road assets in 2022 forecast the capitalization rate of 4.44%and 5.06%, respectively, with an average value of 4.78%. It is worth mentioning that the method used in the evaluation process is 100%"income method".

At present, there are 4 REITs with industrial parks as the infrastructure in the market. Suzhou Industrial Park REIT, the REITS product of Huaxia Hefei High -tech Innovation Industrial Park is the fifth market.

Industry insiders said that the first batch of pilot projects was successfully issued and operated smoothly. Many companies' attitudes towards public offering infrastructure REITs turned positive. In the new pilot industry, fund managers will give priority to industries with large market space and good cash flow stability.

Fund company actively deploy new products

At present, in addition to the newly accepted Huaxia Hefei High -tech Innovation Industrial Park REIT, two new products are waiting for the exchange for review: Huatai Zijin Jiangsu Traffic Control Highway REIT, Guotai Junan Linggang Dongjiu Intelligent Manufacturing Industrial Park Reit; 2 transactions The review and approval are all living housing for living.

It is worth mentioning that recently, Entrepreneurship and Environmental Protection announced the launch of infrastructure public offering REITs declarations, and planned to select four sewage treatment projects located in three subsidiaries in Tianjin and Anhui Province as the assets of the pool. Industry insiders believe that infrastructure REITs combine high -quality infrastructure assets with financial products, and reduces investment thresholds through the funds of the fund. Provided the market with optional standardized products outside the stock and bonds, and expanded the investment varieties of individual investors and institutional investors.

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