The Paper | Wuxi Economic Development Zone’s Holding Type Real Estate ABS Successfully Issued, Valued at RMB 660 Million

Source: The Paper

Recently, the Guotai Haitong Asset Management–Wuxi Economic Development Zone National Sensor Information Industrial Park Income-Producing Real Estate Asset-Backed Special Plan (hereinafter referred to as the “Wuxi Economic Development Project”) was successfully issued on the Shanghai Stock Exchange, with a total size of RMB 660 million.

It is reported that this is the first successfully established holding type real estate asset-backed security (ABS) project for an industrial park in China. The underlying asset is the National Sensor Information Industrial Park located in the Wuxi Economic Development Zone, positioned as an industrial park for the Internet of Things (IoT) sensing and intelligent transportation sectors, with a primary focus on industries such as intelligent connected vehicles, sensors, and IoT. At present, the park’s overall occupancy rate is strong, with tenants mainly consisting of technology and innovation enterprises engaged in scientific research, information transmission, and software. The park hosts 1 listed company and more than 60 above-scale enterprises, demonstrating a notable industrial clustering effect.

As of now, the number of income-producing real estate ABS applications filed with the SSE has reached 24, of which 9 have been successfully issued, with a total issuance size of RMB 15.6 billion. These projects cover a diverse range of asset types, including industrial parks, affordable rental housing, data centers, commercial real estate, energy infrastructure, and toll roads, marking the initial success in building a multi-tiered real estate securitization market. (Reporter: Ding Xinqing, The Paper)

Editor: Ding Xinqing