BHG Retail Trust (BMGU)

Overview

BHG Retail REIT stands as the inaugural pure-play China Retail REIT, brought into existence through sponsorship by a premier China integrated retail group. This REIT marked its entry onto the Main Board of the Singapore Exchange Securities Trading Limited on the 11th of December, 2015. With a deeply engrained principal investment strategy, BHG Retail REIT's focus is on directly or indirectly investing in a diverse portfolio of income-generating real estate primarily utilized for retail purposes, in addition to related real estate assets. The emphasis is initially placed on the Chinese market. As the calendar turned to the 31st of December 2023, BHG Retail REIT boasted a portfolio of six retail properties located across Tier 1, Tier 2, and other Chinese cities recognized for their considerable economic potential. This selection encompasses properties like Beijing Wanliu (with a 60% stake), Chengdu Konggang, Hefei Mengchenglu, Hefei Changjiangxilu, Xining Huayuan, and Dalian Jinsanjiao. Together, these properties offer a gross floor area approximately totaling 311,691 sqm, with a robust committed occupancy rate of 95.6% as of the end of 2023. The latest valuation pegs the total appraised value of this portfolio at around RMB 4,723 million. Furthermore, under voluntary right of first refusal agreements, additional properties could potentially augment BHG Retail REIT's asset base in the future.

Products and Services

• Retail Real Estate Investment

  Specializing in the acquisition and management of income-producing retail properties, BHG Retail REIT's operations emphasize creating value through direct or indirect investments. The focus lies predominantly on properties that serve retail purposes fully or in part, targeting an initial geographical focus on the burgeoning market of China.

• Diversified Property Portfolio

  The REIT's portfolio is strategically composed of a mix of retail properties situated in cities across various tiers in China, each selected for its economic promise. This portfolio not only diversifies risk but also positions BHG Retail REIT to capitalize on the nuanced retail dynamics of different urban environments in China.

• Occupancy and Property Management

  With a committed occupancy rate of 95.6% as of 31 December 2023, BHG Retail REIT demonstrates strong property management capabilities. Through effective tenant mix, marketing, and operational strategies, the REIT maximizes occupancy rates and ensures the long-term prosperity of its retail property investments.

• Growth Through Acquisitions

  Under the framework of voluntary right of first refusal agreements, BHG Retail REIT holds the potential to expand its portfolio through the acquisition of additional properties. This opportunistic growth strategy is aimed at increasing the value and diversification of its real estate holdings, supporting the REIT's long-term strategy to dominate in the competitive retail real estate market in China.