65438+1October 17, the official WeChat account of "Zhuhai Le World Shopping Center" published an article saying that Zhuhai Le World Shopping Center will be officially renamed as "Zhuhai Impression City" on 2019 65438+1October 27, and Wal-Mart will withdraw from operation after the renaming.
The scale of assets has increased dramatically.
It is understood that Zhuhai Le World Shopping Center is the first shopping center under Wal-Mart, belonging to a regional shopping center with a total area of 1 10000 square meters. This project is mainly based on Sam member stores, and the rest businesses are mostly catering brands and children's education formats. The acquired projects have similar characteristics to those previously acquired by Li Yin Group, and both are located in the urban core area.
20 18, 10, Li Yin group announced that all 20 shopping center project companies jointly acquired by Li Yin, Vanke and Sanshui had completed delivery. After delivery, "cade square" and "Kaide Mall" were officially renamed as "Impression" series. Among them, Beijing Cuiwei Road Kaide Mall project was renamed as "Impression City", and other projects were renamed as "Impression Hui".
Through acquisition and expansion, the asset scale of Li Yin Group is growing rapidly, and the asset scale under management has ranked second in China, second only to Wanda Commercial. Ding Liye, Chairman and President of Li Yin Group, recently said, "At the beginning of 20 16, Yu Liang, Chairman of Vanke, told me that if Vanke becomes a shareholder of Li Yin, Li Yin's goal must be one of the best, so we have been going in this direction for three years."
By May of 20 18, after the successful acquisition of 20 projects of CapitaLand Group and 42 commercial projects packaged from Vanke, the number of commercial projects held or managed by India Power was 126, with a management area of about 100000 square meters, which were distributed in 58 cities across the country, with first-tier cities accounting for 2 1% and second-tier cities accounting for 210.
Reflected in the regional distribution, the number of projects in first-tier cities has also increased, including Guangzhou Shenzhen Guotou Plaza, Shenzhen Pinghu Impression Lane, Guangzhou Kaida Impression City and Shenzhen Greater China Impression City.
Industry analysis pointed out that commercial real estate is currently in the stage of structural adjustment. On the one hand, a number of excellent projects and brands have emerged in first-and second-tier cities, but they have generally entered the stock era; On the other hand, although some small and medium-sized cities have the blue ocean of consumption upgrading, there are also many problems such as uneven distribution and lagging management and operation, which make their industrial development slow.
Accelerate asset securitization
On the one hand, Li Yin Group continuously acquires assets to accelerate its expansion, on the other hand, it uses various ways to raise funds. 65438+ 10/7, on the same day that Zhuhai Music World announced its name change, Li Yin Group announced the successful issuance of "Admiralty Li Yin-Impression No.65438 +0 Asset Support Special Plan", with the project issuance scale of 21060,000 yuan. This project is another successful issuance of commercial real estate asset securitization products by Li Yin Group after SZITIC CMBS.
It is understood that the planned period of Li Yin Group is 65,438+02 years, and the targets are Nanjing Jiangbei Impression Hui and Tianjin Impression City, with a total valuation of 3.38 billion yuan, and the total scale of issuing asset-backed securities reaches 2,654.38+006 billion yuan, of which 2 billion yuan is the priority and 654.38+006 million yuan is the secondary. The priority credit rating is AA+, and the final issue interest rate is 5.4%.
According to Han Yizhiku's analysis, REITs and CMBS are currently one of the financing products of real estate enterprises encouraged by the regulatory authorities. Compared with other financing methods, CMBS has the advantages of low issue price, strong liquidity, no recourse to the parent company, releasing the value of commercial real estate while maintaining asset control and future growth potential, and off-balance sheet financing.
With the continuous maturity of the real estate industry and the deepening of CMBS innovation, the commercial real estate industry has really entered a new stage, and asset management and financial innovation will become an important ability for enterprises to survive in the stock age.
According to statistics, from 20 18 to 10, the national investment in commercial real estate development was 1. 18 trillion yuan, down 9.2% year-on-year; The newly started area of commercial real estate 1.6 1 100 million square meters, down 4.9% year-on-year; The area for sale of commercial real estate in China reached 654.38+39 million square meters.
According to "20 18 Annual Report of China Commercial Real Estate Market", the development logic of commercial real estate has changed greatly, from redevelopment to re-operation. On the one hand, commercial real estate has basically bid farewell to the high-speed growth stage after years of development and huge stock; On the other hand, with the transformation of major social contradictions in our country, residents' consumption has accelerated.
Zhang Hongwei, assistant dean of Tongce Research Institute, pointed out that at present, for developers, funds are still relatively tight, and housing enterprises need multi-channel financing. In addition, commercial real estate will inevitably integrate online and offline in the future. Third-and fourth-tier cities may have insufficient spending power, but there will be more opportunities for experiential new formats in first-and second-tier cities.