Recently, Shanghai urban renewal guided the registration and establishment of private equity partnership (limited partnership), with a registered capital of 10.002 billion yuan. This is the guiding fund of the 80 billion yuan urban renewal Fund released in June 2021. The investment field of the guiding fund will focus on urban renewal projects such as old city reconstruction, historical feature protection and rental housing in the urban area of Shanghai.
In order to accelerate the transformation of old areas and explore new paths, new models and new experiences for the organic renewal of mega cities, Shanghai real estate group has jointly launched China’s largest urban renewal fund with a number of industry benchmark enterprises and large financial institutions. The fund adopts the mode of “guiding fund + project carrier”, with a total scale of 80 billion yuan, of which the scale of Shanghai urban renewal guiding fund is 10.002 billion yuan. The fund manager is Guotai Junan Securities Co.Ltd(601211) Innovation Investment Co., Ltd. under Guotai Junan Securities Co.Ltd(601211) securities, and the executive partner is jointly served with the urban renewal investment management company under Shanghai real estate group, Be responsible for the investment management and operation of funds and projects.
Feng Jingming, Secretary of the Party committee and chairman of Shanghai real estate group, said that the real estate group strives to play the role of the main force and key team of functional state-owned enterprises in completing the major task of old reform. While doing a good job in the popular project of “improving the people’s living environment”, we should pay more attention to improving the quality of the central urban area and turn the old “depression” into a highland of “function improvement, economic development and urban governance”.
He Qing, Secretary of the Party committee and chairman of Guotai Junan Securities Co.Ltd(601211) said that Guotai Junan Securities Co.Ltd(601211) will give full play to the characteristic advantages of complete licenses, comprehensive ability and deep cultivation of local land, go hand in hand with Shanghai real estate group, accelerate the substantive operation of urban renewal fund, give full play to the role of guiding fund, and promote the creation of dynamic and charming urban space, Make positive contributions to the construction of Shanghai into a socialist modern international metropolis with world influence.
