China’s developers eagerly line up to offer commercial-property Reits amid recovery signs
China’s first four exchange-traded real estate investment trusts (Reits) backed by commercial properties have opened the floodgates for fundraising by office developers, shopping centre builders and hotel owners amid investors’ heightened hopes for a market recovery. According to data provider Wind Information, as of June 24 the pipelines of the Shanghai and Shenzhen stock exchanges had 19 listing applications for investment trusts backed by commercial property assets, with six having already...
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