On May 21, 2014, CITIC Qihang REITs was listed on Shenzhen Stock Exchange’s comprehensive trading platform as China’s first single-equitable REITs, marking an important milestone for China’s capital market. 

The CITIC Airlines' REITs values over 5.2 billion RMB. The underlying assets of the investment are Beijing CITIC Securities Building and Shenzhen CITIC Securities Building, with a total construction area of approximately 100,000 m2. CITIC Qihang REITs adopts a prioritized/sub-level hierarchical structure. It holds a dual-SPV structure of specialized planning and private equity. Its exit mechanism for future publicly funded REITs is innovative and has become the classic transaction model for other types of domestic REITs.

• Location: Beijing, Shenzhen

• Scale: about 100,000 m2

• Trading Structure: Dual-SPV Architecture with special planning private equity

• Structure: The total size is 5.2 billion RMB, and the design is hierarchical. Among the holdings, first-tier ones hold 70% of the total value of 3.65 billion RMB and second-tiers ones account for the other 30% at 3.65 billion RMB. 

• FOG participated in and invested in China's first single-category REITs CITIC Qihang REITs.

Shenzhen CITIC Securities Building

Beijing CITIC Securities Building