Download China`s First PERE+REITs Product Launched EBP

Press Release
China’s First PERE+REITs Product Launched
EBP-EBA IMIX Park Asset-backed Special Programme
Now Officially Listed
29 September 2016 – The EBP-EBA IMIX Park Asset-backed Special Programme
(“IMIX Park REITs”), managed by EBP Capital Asset Management and EBA
Investments, was officially listed on the Shenzhen Stock Exchange today. Present at the
listing ceremony were Chen Shuang, Executive Director and CEO of China Everbright
Limited (“CEL”; stock code: 165.HK); James Pan, CEO of EBA (Beijing) Real Estate
Investments Consultancy Limited; Wang Yizhe, General Manager of Everbright Prestige
Capital Asset Management Company; Yang Peng, Vice President of EBA (Beijing)
Investment Management Co., Ltd.; Qian Jing, CEO of Morgan Stanley Huaxin Securities
Co., Ltd.; Du Xiongfei, General Manager of Fixed Income Department of Everbright
Securities Co., Ltd; and Shen Feng, Vice President of BOCI Securities Limited. Mr Chen
and Ms Qian also delivered speeches at the event.
中國光大控股有限公司 China Everbright Limited
香港夏愨道 16 號遠東金融中心 46 樓 46/F, Far East Finance Centre, 16 Harcourt Road, Hong Kong.
電話 Tel: (852) 2528 9882 傳真 Fax: (852) 2529 0177 網頁 Website: www.everbright165.com
Pioneering a PERE+REITs model driven by innovation
The IMIX Park REITs, an exchange-traded REITs product, is an advanced exit channel for
private equity real estate funds that capitalises on the design and issuance experiences of
international REITs and domestic asset securitisation products under China’s current
system. It represents a ground-breaking "PERE+REITs" business model for domestic
commercial real estate and is anticipated to lay a solid foundation for the market operation of
international-standard, publicly offered REITs.
The product has attracted bidding from a large number of institutional investors, including
banks, securities brokerages, funds and trusts. The final interest rates were set at 3.8% for
the RMB1.3 billion Senior Tranche A and 4.3% for the RMB300 million Senior Tranche B,
establishing record-low interest rates for industry products of its kind.
Building a quality commercial real estate brand through pragmatism and rigor
IMIX Park REITs has eight commercial projects in operation and under construction, with
total floor space of nearly 1 million sq. m. With operation centres in Beijing, Shanghai and
Chongqing, the IMIX Park commercial real estate brand created by EBA Investments is
currently expanding into other areas across the country, leveraging its core competencies of
financial and commercial asset management as well as fast-expanding assets managed
under an innovative new model. It was ranked among China’s “Top 10 Commercial Real
Estate Projects in Brand Value” in 2016 on the strength of its management and brand
quality.
中國光大控股有限公司 China Everbright Limited
香港夏愨道 16 號遠東金融中心 46 樓 46/F, Far East Finance Centre, 16 Harcourt Road, Hong Kong.
電話 Tel: (852) 2528 9882 傳真 Fax: (852) 2529 0177 網頁 Website: www.everbright165.com
The underlying asset of the IMIX Park REITs is Guanyinqiao IMIX Park Mall in Chongqing,
which boasts a total GFA of 130,000 sq. m and maintains an occupancy rate of higher than
97%. Its rental income has been steadily increasing in recent years, and it has been
recognised many times by residents of Chongqing as their favourite shopping destination. It
also received the “Golden Coordination Award for China’s Commercial Real Estate in
2015-2016” on 22 September, 2016.
A strong partnership leveraging the advantages of shareholder coordination
IMIX Park REITs is an asset securitisation product with Guanyinqiao IMIX Park Mall in
Chongqing as its underlying asset and cashflows generated by future rentals and other
operating income as the source of repayment. Everbright Prestige (“EBP”) Capital Asset
Management Company is acting as Product Manager, with EBA Investment Management
Co., Ltd acting as Fund Manager and China Everbright Limited (CEL) as co-participant.
The product is backed by fund manager EBA (Beijing) Investment Management Co., Ltd.,
which provides a highly experienced team with management capabilities in private equity
real estate funds, and EBP Capital Asset Management, which offers professional
experience in asset securitisation. The plan administrator, Everbright Prestige Capital Asset
Management Company, and shareholders China Post Fund and CEL have RMB87.6 billion
of capital under management.
EBA (Beijing) Investment Management Co. Ltd. is a wholly owned subsidiary of EBA
Investments, the sole real estate investment platform of CEL. EBA Investments has focused
on private equity investments in China’s real estate market for more than 10 years. In 2015
and 2016 it ranked first among China’s "Top 10 Real Estate Funds in Terms of
Comprehensive Strength”. The company has invested in and currently manages real estate
funds valued at over RMB70 billion across about 100 projects.
EBA Investments and EBP Capital Asset Management said they plan to leverage their
world-class asset management experience and competence in post-investment
management following the successful launch of the new REITs. They added that they will
continue to expand and innovate in areas including fundraising, investment, management
and divestment in order to actively promote the development of their real estate asset
securitisation business and create greater value for shareholders and investors.
- End -
中國光大控股有限公司 China Everbright Limited
香港夏愨道 16 號遠東金融中心 46 樓 46/F, Far East Finance Centre, 16 Harcourt Road, Hong Kong.
電話 Tel: (852) 2528 9882 傳真 Fax: (852) 2529 0177 網頁 Website: www.everbright165.com
About China Everbright Limited
China Everbright Limited (“CEL”, stock code: 165.HK), established in Hong Kong in 1997,
persistently pursues its “Macro Asset Management” strategy with specific focuses on
cross-border asset management and investment businesses. CEL manages a portfolio of
private equity funds, venture capital funds, sector focus funds, mezzanine funds, hedge
funds and principal investment funds, all operated via an international management platform,
and provides overseas investors with opportunities to explore and invest in companies with
fast growth potential in mainland China. CEL also seeks investment opportunities from
overseas and provides diversified financial services for its clients on the mainland.
China Everbright Limited, a member of China Everbright Group, is the second-largest
shareholder of Everbright Securities (stock code: 601788.SH, 6178.HK), a strategic
shareholder of China Everbright Bank (stock code: 601818.SH, 6818.HK), the single largest
shareholder of the Hong Kong-listed China Aircraft Leasing Group Holdings Limited (stock
code: 1848.HK) , the largest shareholder of Shanghai Jiabao Industry & Commerce (Group)
Co., Ltd (stock code: 600622.SH) and the second-largest shareholder of the
Singapore-listed Ying Li International Real Estate Limited (stock code：5DM. SGX).
After the launch of "Shanghai-Hong Kong Stock Connect" on 10 April 2014, CEL became
one of the first batch of specific stocks listed on The Stock Exchange of Hong Kong that can
be directly traded by Mainland investors.
By practising its philosophy of “Making Wealth Simple”, CEL leverages its own substantial
financial strength as well as the position and influence of China Everbright Group and its
affiliated companies in the financial industry in China. As a result, the Group has
successfully built huge cross-border social and business networks in Hong Kong and the
Mainland, and established a reputable image in the market.
For more information about CEL, please visit www.everbright165.com.
中國光大控股有限公司 China Everbright Limited
香港夏愨道 16 號遠東金融中心 46 樓 46/F, Far East Finance Centre, 16 Harcourt Road, Hong Kong.
電話 Tel: (852) 2528 9882 傳真 Fax: (852) 2529 0177 網頁 Website: www.everbright165.com