GF New City Wuyue Commercial Real Estate REITs Accepted by SSE, Raising 1.625 Billion to Invest in Two Projects

Rui Si Network News: On March 6, the official website of the Shanghai Stock Exchange showed that the GF New City Wuyue Closed-End Commercial Real Estate Securities Investment Fund project status is “Accepted.” The public REITs asset type is commercial real estate, initiated by Wuyue Shunrui (Shanghai) Commercial Management Co., Ltd., managed by GF Fund Management Co., Ltd., and the special plan is managed by Ruiyuan Capital Management Co., Ltd.

According to the prospectus, the fund invests in real estate asset-backed securities supporting two commercial real estate projects: Changzhou Tianning Wuyue Plaza and Nantong Qidong Wuyue Plaza, to generate stable rental income. The fund has a fundraising scale of 1.625 billion yuan, a lifespan of 33 years, operates in a closed-end manner, and is listed on the Shanghai Stock Exchange.

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