SF Real Estate Investment Trust Buys Changsha Logistics Property*
SF Real Estate Investment Trust or SF REIT (SEHK: 2191), a logistics-focused REIT listed in Hong Kong, announced the acquisition of a modern logistics property in Changsha at a consideration based on the agreed property value of RMB 540.0 million. This is the first logistics property it acquires from S.F. Holding Co., Ltd. (順豐控股股份有限公司) following its listing in May 2021. The acquisition, which is to be financed by internal resources and debt facilities, is SF REIT’s first investment in Central China which complements its current asset portfolio covering Hong Kong, Foshan and Wuhu. The property is a logistics property strategically located in a logistics service base inside the Changsha Linkong Economic Development Zone that effectively serves Changsha and the central region of China, and provides customers with standardized logistics and warehousing facilities and integrated supply chain solutions.
Property Location Changsha, Hunan Province, PRC Gross Lettable Area Approx. 120,055 square meters
S.F. Holding Co., Ltd. is the controlling unitholder of SF Real Estate Investment Trust. S.F. Holding is a company established in The People’s Republic of China with its shares listed on the Shenzhen Stock Exchange. SFH is a leading integrated logistics services provider in PRC with comprehensive business segments covering express delivery, freight, cold chain, international and intra-city services, cross-border logistics and supply chain management.
Courtesy of SW Institute*