On November 29, ZGC Development Group publicly issued infrastructure REITs, with a total number of 900 million, a par value of 3.2 yuan each, and an estimated first-year net cash flow distribution rate of 4.19%.   

These public offering REITs are backed by the tech-firm carrier (170,000 m2) of ZGC Software Park, a subsidiary firm of ZGC Development Group. Despite the impact of COVID-19, the software park has maintained an average occupancy rate of over 95%, showing high resilience. Its tenants are mainly sci-tech firms, including domestic and foreign listed companies and unicorns, such as Duxiaoman Finance, One Smile, iFLYTEK and so on.   

This REITs project is an “innovative move” of ZGC Development Group to promote reform and transformation, and explore new financing and investment modes. By activating the flow of property assets via asset securitization, this project greatly shortens the payback period of investment, and improve the sustainability of the investment and construction of the science park through.

The project’s ultimate goal is to provide more high-quality and affordable services for entrepreneurs and innovators, and to promote the development mode of the park towards a “new economy” mode--growing together with the tenant firms.