Gelonghui, January 29丨New Huangpu (600638.SH) announced that in order to respond positively to the country's housing policy of combining rental and sale, effectively revitalize existing assets, form a virtuous cycle of existing assets and new investment, and create important opportunities to promote the rolling development of main business investment, the company plans to publicly raise affordable rental housing - infrastructure real estate investment trust funds (REITs) (“affordable rental housing public REITs” for short).
The company plans to select the 02-03a-01a plot rental housing project (“Meilong Community Project”) in MHPO-0306 Unit, Meilong Town, Minhang District, as the underlying asset to declare the issuance of affordable rental housing public REITs for the first time. Construction of the Meilong Community Project began in April 2020, obtained the certification of affordable rental housing in June 2021, completed the overall completion and acceptance procedures in November 2022, and officially entered the market for supply in February 2023. The Meilong Community Project is located on Lane 100, Shufeng Road, Meilong Town, Minhang District, close to the town government building. The total property area is about 77,000 square meters, including 6 23-24-story residential buildings, underground garages, and street-side commercial facilities. The project is committed to building a smart rental living community integrating living, entertainment and social networking.