On June 16 , Zhangjiang REIT’s expansion shares were officially listed and traded on the Shanghai Stock Exchange, marking the completion of the expansion of the first batch of public offering REITs in China .
It is reported that in June 2021 , Zhangjiang REIT will be listed and issued as "the first batch of infrastructure REITs in the country and the first in Shanghai". Today, two years later, Zhangjiang REIT expanded its offering and once again became the first batch of REITs to expand its offering in the country . This expansion will help Zhangjiang Hi-Tech and Zhangjiang Group effectively link and integrate industrial resources, and further promote the development of the science and technology industry in Zhangjiang Science City.
The successful implementation of the expansion and issuance has realized Zhangjiang REIT ’s first extensional growth. While the fund scale has expanded significantly, the portfolio of investment targets has been further optimized, and the overall risk resistance ability of the fund has been further enhanced. At the same time, as the first batch of infrastructure REITs projects in China, Zhangjiang REIT once again provided an important example of innovative practice for the market in terms of fundraising expansion. After this expansion, the scale of Zhangjiang REIT has reached 3 billion, the scale effect has been further highlighted, the ability to resist risks has been enhanced, and the value potential has been significantly improved.
Share future development dividends with the market
He Dajun, vice chairman and general manager of Zhangjiang Hi-Tech, said: "In the future, Zhangjiang Hi-Tech will join hands with Zhangjiang Group to give full play to the long-term strategic value and sustainable development capabilities of public offering REITs , an 'asset listing platform', to continuously integrate and inject high-quality mature assets, and share with the market. The future development of Pudong Leading District and Zhangjiang Science City.”
From April 2022 , Zhangjiang REIT began to prepare for the expansion of fundraising . The State-owned Assets Supervision and Administration Commission of the New Area organized Zhangjiang Hi-Tech and Zhangjiang Group to actively search for qualified assets. After comprehensive evaluation and screening by all parties, the Zhangrun Building project jointly invested by both parties was /confirm/ied. As the infrastructure project to be purchased by Zhangjiang REIT in this expansion.
Zhangrun Building is located in the core area of Zhangjiang Science City’s 100-billion-level integrated circuit industry cluster——Shanghai Integrated Circuit Design Industrial Park. It covers an area of about 20,000 square meters and a construction area of 60,000 square meters. It also belongs to the area of Zhangjiang Science City, which undertakes the important carrier function of the industrial development of Zhangjiang Science City, provides high-quality park services for key strategic industry customers of Zhangjiang Science City, and has relatively good long-term development space in the future.
