Hui Xian Real Estate Investment Trust

What Hui Xian Real Estate Investment Trust does

Hui Xian Real Estate Investment Trust (Stock Code: 87001) is a Hong Kong-listed, RMB-denominated REIT and the first of its kind listed in Hong Kong, established at IPO in April 2011. It invests in and operates a portfolio of commercial properties across mainland China, anchored by Beijing Oriental Plaza — one of the largest commercial complexes in Beijing at approximately 800,000 sq m of gross floor area — comprising The Malls (a ~130,195 sq m three-level shopping centre with ~280 brands averaging 200,000+ daily visitors), The Tower Offices (eight Grade A office buildings totaling ~309,552 sq m), The Tower Apartments (three serviced apartment towers), Grand Hyatt Beijing (598 rooms), and a ~1,900-space car park. The portfolio also includes Chongqing Metropolitan Oriental Plaza (~164,000 sq m combined retail and Grade A office space in Jiefangbei CBD), plus three international five-star hotels: The Westin Shenyang (formerly Sofitel, rebranded under Marriott in 2023), Hyatt Regency Metropolitan Chongqing, and Sheraton Chengdu Lido Hotel (387 rooms). Properties are held through intermediate offshore and PRC companies (BVI, Hong Kong, and sino-foreign joint ventures), and the trust is externally managed by Hui Xian Asset Management Limited, an indirect subsidiary of CK Asset Holdings Limited (part of the CK Group demerged from Cheung Kong Holdings).

The REIT generates revenue substantially through rental income from its commercial properties (retail, office, serviced apartments), supplemented by hotel operations income from the three flagship hotels managed by Hyatt and Marriott under long-term management agreements, with rent and operating cash flow distributed to unitholders. The trust operates under Hong Kong REIT Code regulations, with debt capped at 50% of total gross asset value, and trades in RMB through the Hong Kong Stock Exchange's CCASS settlement system. Customer base spans premium retail tenants (OMEGA, Audemars Piguet, Hublot, Nike, Sony's flagship Beijing stores), financial and professional services tenants (Bank of China, ICBC, Standard Chartered, KPMG, Ernst & Young), and travelers using the hotels; the REIT's primary customer for unitholders is institutional and retail investors seeking RMB-denominated exposure to Chinese commercial real estate.

The REIT's competitive positioning rests on trophy asset locations (Beijing CBD, Chongqing Jiefangbei), scale, brand partnerships with international hotel operators (Hyatt, Marriott/Westin, Sheraton), and the regulatory/structural advantage of being the first RMB-denominated REIT in Hong Kong. Go-to-market is investor-relations-driven through HKEX disclosures, annual and interim reports, and investor presentations; the manager pursues active capital structure management (including multiple loan retirements in 2024–2026) and ESG positioning (LEED certification achieved in 2024). The unit holder base is primarily institutional and retail investors accessing RMB-denominated yield via Hong Kong, with 501–1,000 employees supporting operations under the external management model.

Name

Hui Xian Real Estate Investment Trust

Legal name

Hui Xian Asset Management Limited

Website

https://huixianreit.com

Company type

Public

Founded year

2011

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Hui Xian REIT is Hong Kong's first RMB-denominated REIT, operating a portfolio of trophy mainland China commercial assets led by Beijing Oriental Plaza (retail mall, Grade A offices, serviced apartments, Grand Hyatt Beijing), Chongqing Metropolitan Oriental Plaza, and three five-star hotels under Hyatt and Marriott, generating rental and hospitality income for institutional and retail investors.

Ownership category

akta.pro rank

Product category

Real Estate Investment Trust (Commercial Property)

NAICS

Other Financial Vehicles (52599)

SIC

Real Estate Investment Trusts (6798)

akta.pro primary industry

REITs & Listed Real Estate Securities (FSAAAKAD)

akta.pro secondary industries

Core Real Estate (Stabilized/Core-Plus) (FSAAAKAA), Specialty Real Assets / Niche Strategies (Marinas, Student Housing, Self-Storage, Life Science RE) (FSANAEAO)

Keywords

• Real estate investment trust
• Commercial property leasing
• Commercial real estate
• Hospitality investment
• Property asset management

Headquarters

HQ city

Hong Kong

HQ country

Hong Kong SAR China

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Others, Marketing or Sales

Revenue model

1. Rental Income from Commercial Properties: Hui Xian REIT generates revenue primarily through rental income from its portfolio of commercial properties including retail malls, Grade A office buildings, serviced apartments, and hotels across China. The trust collects rent from tenants across Beijing Oriental Plaza, Chongqing Metropolitan Oriental Plaza, and hotel operations including Grand Hyatt Beijing, The Westin Shenyang, Hyatt Regency Metropolitan Chongqing, and Sheraton Chengdu Lido Hotel.

Distribution channels1 record

Marketing channels4 records

Core offering

Hui Xian REIT (Stock Code: 87001) is the first RMB-denominated real estate investment trust listed in Hong Kong. It acquires, owns and operates a portfolio of high-quality commercial real estate in mainland China — comprising retail malls (The Malls at Beijing Oriental Plaza, the Chongqing Metropolitan Oriental Plaza mall), Grade A office buildings (The Tower Offices, Beijing and the Chongqing Grade A office), serviced apartments (The Tower Apartments, Beijing), and five-star hotels (Grand Hyatt Beijing, The Westin Shenyang, Hyatt Regency Metropolitan Chongqing, Sheraton Chengdu Lido Hotel). The trust earns rental and operating income from these assets and distributes the proceeds to unitholders.

Product overview

Hui Xian Real Estate Investment Trust is a RMB-denominated REIT listed in Hong Kong (Stock Code: 87001), the first of its kind in Hong Kong. The REIT operates a portfolio of commercial properties across China including Beijing Oriental Plaza (retail mall, Grade A offices, serviced apartments, Grand Hyatt Beijing hotel, and car park), Chongqing Metropolitan Oriental Plaza (shopping mall and Grade A office), and three five-star hotels: The Westin Shenyang, Hyatt Regency Metropolitan Chongqing, and Sheraton Chengdu Lido Hotel. The properties are held through intermediate holding companies established in the PRC. The Manager, Hui Xian Asset Management Limited (a subsidiary of CK Asset Holdings Limited), is responsible for asset management, with Beijing Hui Xian Enterprise Services Limited providing property management services.

Differentiator

Problem solved

Functional benefit

Brands

• Beijing Oriental Plaza: One of the largest and most iconic commercial complexes in Beijing comprising The Malls, The Tower Offices, The Tower Apartments, Grand Hyatt Beijing, and a car park.
• Chongqing Metropolitan Oriental Plaza
• The Westin Shenyang
• Hyatt Regency Metropolitan Chongqing
• Sheraton Chengdu Lido Hotel

Products and services

• Beijing Oriental Plaza One of the largest and most iconic commercial complexes in Beijing with total Gross Floor Area of approximately 800,000 sq m, comprising The Malls (world-class shopping centre), The Tower Offices (eight Grade A office buildings), The Tower Apartments (three serviced apartment towers), Grand Hyatt Beijing (five-star hotel with 598 guest rooms) and approximately 1,900 carparking spaces. Held by Hui Xian REIT through Beijing Oriental Plaza Co., Ltd. (BOP), a PRC limited liability company.
• Chongqing Metropolitan Oriental Plaza Established commercial development in the Jiefangbei CBD of Chongqing with total Gross Floor Area of approximately 164,000 sq m, comprising approximately 90,000 sq m of shopping mall, over 54,000 sq m of Grade A office building and approximately 353 carparking spaces. Held by Hui Xian REIT through Chongqing Metropolitan Oriental Plaza Co., Ltd. (COP), a PRC limited liability company.
• The Westin Shenyang International five-star hotel located in Shenyang, Northeast China, featuring elegant guestrooms, suites and apartments, meeting and banquet rooms, restaurants and F&B outlets, a 3,500 sq m Lido Spa & Club, retail shops and office units. Held through Shenyang Lido Business Co. Ltd (a PRC limited liability company in which Shenyang Investment HK holds 70%).
• Hyatt Regency Metropolitan Chongqing Five-star hotel located at the Jiefangbei area of Chongqing, adjacent to the mixed-use Chongqing Metropolitan Oriental Plaza. Held by Hui Xian REIT through Chongqing Oriental Plaza Metropolitan Hotel Co. Ltd. (COH), a PRC limited liability company.
• Sheraton Chengdu Lido Hotel

Quantifiable outcome

• LEED Certifications achieved for Beijing Oriental Plaza and Chongqing Metropolitan Oriental Plaza in 2024

Named customers10 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core and minor.

• Marriott InternationalcoreImplementation/ SI/ Consulting Partner · 1 March 2023Marriott International signed agreement to debut the Westin brand in Shenyang, China. The Westin Shenyang is an international five-star hotel located in Shenyang, Northeast China, offering elegant and spacious guestrooms, suites and apartments, meeting and banquet rooms, restaurants and F&B outlets, 3,500 sq m Lido Spa & Club, and retail shops and office units.
• Marriott InternationalcoreImplementation/ SI/ Consulting Partner · 10 October 2018Sheraton Chengdu Lido Hotel is managed under the Sheraton brand by Marriott International. The hotel provides 387 guest rooms and suites, located at the center of the upcoming 'Chengdu Center', a large-scale landmark city redevelopment project.
• Hyatt Hotel ManagementcoreImplementation/ SI/ Consulting Partner · 11 March 2018Hui Xian REIT engaged Hyatt to manage its hotel at Chongqing Oriental Plaza. The hotel is adjacent to the mixed-use development, Chongqing Metropolitan Oriental Plaza, located at Jiefangbei area of Chongqing.
• Accor (Sofitel Group)minorImplementation/ SI/ Consulting Partner · 13 December 2012Originally appointed France's Sofitel Group to manage the Shenyang hotel (formerly Sofitel Shenyang Lido). Subsequently transitioned to Westin brand under Marriott International in 2023.
• Hyatt InternationalcoreImplementation/ SI/ Consulting Partner · 10 April 2011Hyatt manages the Grand Hyatt Beijing (managed directly) and Hyatt Regency Metropolitan Chongqing (through engagement with Hui Xian REIT). Grand Hyatt Beijing is a five-star hotel with 598 guest rooms, managed under the Hyatt brand. Hyatt Regency Metropolitan Chongqing is a five-star hotel located at Jiefangbei area of Chongqing, adjacent to Chongqing Metropolitan Oriental Plaza.

Scale indicators9 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Fortune REIT: Hong Kong-listed REIT (Stock Code: 778) owning a portfolio of retail malls in Hong Kong. Comparable as a Hong Kong-listed REIT with a retail-led commercial property strategy and similar investor base of yield-seeking unitholders.
• Champion REIT: Hong Kong-listed REIT (Stock Code: 2778) holding three Grade A office towers in Hong Kong (Three Garden Road, Langham Place, and Champion Tower). Directly comparable as a Hong Kong-listed REIT with substantial mainland China tenant exposure and a similar institutional-grade governance structure.
• Spring REIT: Hong Kong-listed REIT (Stock Code: 1426) primarily owning office properties in London and Beijing. Comparable as a Hong Kong-listed REIT with mixed international and Beijing office exposure, including the CITIC Tower in Beijing — a directly overlapping geographic footprint with Hui Xian.
• Sunlight REIT: Hong Kong-listed REIT (Stock Code: 435) with a diversified portfolio of office and retail properties in Hong Kong. Comparable as a Hong Kong-listed, office-and-retail-focused REIT with a similar scale of assets and unitholder structure.
• Link REIT: Hong Kong-listed REIT (Stock Code: 0823), the largest REIT in Asia by market cap, focused on retail and office properties primarily in Hong Kong and mainland China. Directly comparable as a Hong Kong-listed REIT with significant PRC retail and office exposure and a similar diversified commercial property mandate.
• Yuexiu REIT: Hong Kong-listed REIT (Stock Code: 405) primarily investing in commercial properties in Guangzhou and other mainland China cities. Directly comparable given its PRC commercial real estate focus, Guangzhou-based mother group (Yuexiu Property), and similar RMB/HKD dual-currency dynamics.
• Regal REIT: Hong Kong-listed REIT (Stock Code: 1881) owning a portfolio of hotels and hotel properties leased to Regal Hotels International. Comparable as a Hong Kong-listed REIT with a meaningful hotel component and similar regulated-distribution structure.

Others

• CK Asset Holdings: Indirect parent company of Hui Xian REIT and a Hong Kong-listed property conglomerate (Stock Code: 1113) with extensive Hong Kong and mainland China property holdings. Relevant as the sponsor entity whose pipeline of commercial properties may feed future Hui Xian acquisitions, and as a comp for Hong Kong/China real estate exposure.
• ARA Asset Management: Asia-Pacific real estate fund manager, co-founded by board member LIM Hwee Chiang (former Group CEO for 18 years). Relevant as an ecosystem peer for understanding the Hong Kong/Asia REIT management landscape and as a comp for management fee economics.

Broad incumbents

• Mapletree Pan Asia Commercial Trust: Singapore-listed REIT (SGX: N2IU) with a diversified portfolio of retail and office properties across Singapore, Hong Kong, China, Japan, and South Korea. Comparable as a broad Asia-Pacific commercial REIT with significant China retail exposure, providing a useful benchmark for cross-border valuation.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/hui-xian-real-estate-investment-trust

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hui Xian Real Estate Investment Trust