Hui Xian REIT (匯賢產業信託) began trading on the Hong Kong Stock Exchange on April 29, 2011. It is the first REIT in Hong Kong to be denominated in Renminbi (Chinese Yuan). The REIT consists of one mixed-use development in Beijing called Oriental Plaza. Before being injected into the Hui Xian REIT this building was majority owned by Cheung Kong and Hutchison Whampoa – both companies are controlled by Hong Kong property tycoon Li Ka Shing.

The REIT is managed by Hui Xian Asset Management, which is jointly owned by CITIC Securities Group, Cheung Kong and ARA Group. ARA Group is also the manager of Prosperity REIT and Fortune REIT in Hong Kong and Suntec REIT in Singapore. ARA is itself controlled by Cheung Kong.

According to the Oriental Plaza website, the development is comprised of the following:

• The Malls – The Malls occupies a total area of 130,000 sq. m. The complex is located between Gold Street (Wangfujing Street) and Silver Street (North Dongdan Street). Notable tenants include Omega, Testoni, Canali, Burberry, Zegna, Givenchy, Tiffany, Adidas and Nike .
• The Tower Offices – Eight Grade A office towers with a floor area of 800,000sqm. Tenants include large multnational and Fortune 500 corporations.
• The Tower Apartments – Two towers of Serviced Apartments
• Grand Hyatt Beijing – A five star hotel managed by the Hyatt Hotel group
• Carpark – 1,900 monthly and casual car parking spaces located beneath the development.

Center of map

map

Beijing Oriental Plaza