Vanke’s operating real estate REITs have made another success, with its subsidiary Wanwei Logistics achieving a breakthrough in REITs. On March 1, China Wanwei Warehousing and Logistics Closed Infrastructure REIT issued a prospectus on the Shenzhen Stock Exchange and officially entered the issuance stage. The asset side of this REIT is Wanwei Logistics, a subsidiary of Vanke, with underlying assets including Foshan Nanhai Logistics Park, Shaoxing Zhuji Logistics Park, and Huzhou Deqing Logistics Park.
Wanwei’s success in the REIT market reflects the market’s recognition of Wanwei’s asset quality and operational capabilities. This achievement will help Wanwei Logistics connect its existing assets with the capital market. For Vanke, this marks another milestone in its real estate operations, as the company now has multiple successful operating real estate REITs. Vanke’s chairman, Yu Liang, sees REITs as crucial to the company’s transformation into a real estate agent rather than just a developer.
The underlying assets of Wanwei Logistics’ REIT are strategically located in key areas supported by national strategic deployment policies. The logistics parks cater to industries such as high-end manufacturing, e-commerce logistics, express delivery, and retail FMCG. Wanwei Logistics has a strong track record in the logistics and warehousing service industry, boasting a high occupancy rate across its projects.
Looking ahead, Vanke’s early investment and comprehensive track in operating businesses will continue to strengthen its position in the REIT market. The company has been building up its asset quality in line with REIT requirements, ensuring a rich source of long-term value growth for its operating services business. With multiple successful REITs in various real estate tracks, Vanke is poised for further accelerated growth and development in the market.