Bosera Jinkai REIT Listed
The closed-end REITs of Bosera Jinkai Sci-Tech Industrial Park were listed on the Shanghai Stock Exchange on 19th September. This marks Tianjin's first publicly offered REITs project, showing another significant breakthrough for Tianjin in the capital market.
Previously on 21st August, the Bosera Jinkai Sci-Tech Industrial Park REIT completed public fundraising within just one day and received nearly ten times the subscriptions, making it one of the most sought-after REIT products in recent times. The original equity owner of this REIT is Tianjin TEDA Sci-Tech Industrial Park Co., Ltd., a wholly-owned subsidiary of Tianjin TEDA Industrial Development Corporation. The underlying assets include the Tianhe Digital Industrial Park and the Continental Automotive Plant Industrial Park, respectively showcasing the leading and demonstration roles in Tianjin's high-tech industrial park and advanced manufacturing sector.
The successful listing of the Bosera Jinkai Sci-Tech Industrial Park REIT is a key achievement for TEDA in growth driver transformation, industrial structure optimization, and asset revitalization method innovation. Issuing public REITs provides TEDA with a new channel for revitalizing assets. This will convert the existing factory buildings, business offices, and apartments in the area into more liquid financial assets, offering strong support for the infrastructure of sustainable investment promotion.
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