The first batch of commercial real estate REITs plans to raise over 31.4 billion, with funds locked in high-quality assets.

Mainland China's public REITs are entering a period of consolidation. With the launch of commercial real estate REITs pilot, the first batch of 8 REITs have applied to the stock exchange by the end of January, with a total fundraising target of 31.475 billion RMB. Specifically, the largest one among these 8 REITs plans to raise 7.47 billion RMB, with assets including shopping centers, office buildings, and hotels. The underlying assets of the 8 REITs projects are operating well, with some projects currently at full occupancy. The distribution rates of these REITs are expected to be above 4.5% by 2026, with the highest nearing 5.5%.