Li Ka -shing is suspected to re -deploy domestic purchase of Shanghai Commercial Real

Li Ka -shing, who once withdrawn from the market, seems to have begun to re -deploy domestic commercial real estate.

A few days ago, Xincheng Real Estate and Singapore ARA Ara Ara Assets officially reached the acquisition agreement on the Shanghai Sanlin Project Mall.The transaction agrees that Ara Asset Management (ARA) and Straits Real Estate and ICBC International formed joint ventures to jointly acquire Sanlin Impression City. The latter is a shopping mall in Pudong, Shanghai.Reappeared in 2017 to take over and transform.

According to the First Financial Report, the transaction price is about 2.42 billion yuan (about 347 million US dollars). At present, the transaction will be completed in the first quarter of 2020.

After the acquisition is completed, a fund under the ICBC International and Ara subsidiaries will hold about 62.3%of the Sanlin Impression City, and the real estate subsidiary of Straits Real Estate will hold about 37.7%of the Sanyin Impression City.

Public information shows that ARA was founded in 2002 and was founded by Hong Kong Changjiang Industrial Co., Ltd. (1113.HK). It is a real estate fund management company. Its main business includes managing real estate trust funds, private real estate funds and providing real estate property management services. 2007 2007In the year, the company was listed in Singapore and completed privatization in 2017.

At present, ARA is held by Changshi about 8%of the equity, and Zhao Guoxiong is the chairman.Zhao Guoxiong is a major minister of the real estate industry of Li Jiacheng. He has joined Changshi for more than 20 years and is currently the executive director of the Changjiang Industrial Group.

Public information shows that the acquisition of the target MDASH; mdash; Shanghai Sanlin Impression City mdash; mdash; predecessor was the Sanlin City Commercial Plaza that was completed in 2008 and opened in 2010.Although Sanlin City Commercial Plaza has opened as early as 2010, due to poor management and adjustment of business formats, the operating effect is not ideal.

On April 19, 2017, Shenzhen Xincheng Real Estate Co., Ltd. obtained the Shanghai Sanlin City Commercial Plaza project through a listing bidding for online bidding through the Shanghai United Property Rights Exchange.Star hotels, etc., the total construction area of the project is 153,400 square meters, the transaction price is 2.43 billion yuan, and the floor price of the transaction floor is 15,840 yuan/㎡.

After obtaining the project, it became the first landing product of the standard product line of Xincheng Commercial Complex.Among them, the western district of the project is the operation of the overall commercial center. Xincheng Real Estate introduced India Group for transformation and operation, and cooperated to create the Samilin Impression City.

In fact, behind the buying and buying of foreign capital, it is the wave of foreign commercial real estate.This wave has shown obvious signs since the second half of last year.

On November 14, 2018, Camp Group successfully won the overall equity of Shanghai's highest twin towers in the core area of the North Bund of Hongkou District, Shanghai through the Baffles Fund with the Singapore Government Investment Corporation.

In addition to Cong, Blackstone acquired Shanghai Yifengcheng Shopping Center and adjacent office buildings and Huaihai Middle Road Snow Leopard Mall for US $ 1.25 billion (about 8.62 billion yuan) in 2018.The British -funded Swire acquired 50%of the equity of the first development plot of Qiaotan, and Bo Feng, Canada acquired Jinqiao Taimao and Nanxiang Taimao.

According to data from Shibang Wei Shi, in 2018, foreign investment in Chinese commercial real estate increased by 62%to 78 billion yuan, the highest level since 2005.

Data from Real Capital Analytics Real Capital Analytics showed that in the first quarter of 2019, institutional investors in the United States, Switzerland, Barin, and Singapore bought US $ 2.7 billion in Chinese commercial real estate.This is the highest purchase amount of foreign investors in the single quarter since the statistics of the data from 2007.

From a series of choices of foreign capital, the core commercial assets of first -tier cities have the characteristics of periodic low -risk, easy to manage, stable cash flow, strong transaction liquidity, and at the same time have continued to rise, so they are favored.

As one of the most mature and liquidity markets in China, Shanghai is undoubtedly the preferred scope for the global investment port holders who seek diversified assets.In 2018, the total transaction volume of the Shanghai Property market was 117.8 billion yuan, accounting for 29.67%of the total transaction volume of Greater China.

The Everbright Securities Research Report pointed out that in 2018, the total transaction volume of Shanghai commercial retail property was about RMB 6.8 billion (about 3 times in 2017), of which about three -quarters were transformed as the acquisition purpose.As of the end of 2018, Shanghai Building has exceeded 33 million square meters of office and commercial for 10 years. Property renovation and transformation have provided an attractive value -added investment opportunity for experienced investors.