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CITIC Qihang REITs (China’s first single-equitable REITs)

On May 21, 2014, the "CITIC Qihang Special Asset Management Plan" was listed on the Shenzhen Stock Exchange's comprehensive trading platform, marking the successful launch of China's first equity REITs product and a milestone in China's capital market. 

The total scale of CITIC Qihang REITs exceeds 5.2 billion RMB. The underlying assets of the investment targets are Beijing CITIC Securities Building and Shenzhen CITIC Securities Building, with a total construction area of ​​about 100,000 square meters. CITIC Qihang REITs adopts a priority/secondary hierarchical structure, a dual SPV structure of special plans + private equity funds, and innovatively designed the exit mechanism of future public REITs, which has become a classic transaction model designed by other domestic REITs since then.

 

• Location: Beijing, Shenzhen

• Scale: about 100,000 m2

• Trading Structure: Dual SPV structure, i.e. special plan + private equity fund

• Structure: The total scale is 5.2 billion yuan, with a tiered design, of which the priority level is 3.65 billion yuan, accounting for 70%, and the secondary level is 1.56 billion yuan, accounting for 30%.

• F.O.G Asset participated in and invested in the first REIT-like asset management plan in China, CITIC Qihang Special Asset Management Plan

 

 

Shenzhen CITIC Securities Building

 

 

Beijing CITIC Securities Building