The past decade has witnessed a remarkable growth in the southern part of China as “the world’s factory” with Shanghai leading the game as the hub for the external trade. What we believed would come next was the growth in domestic demand in China, which would inevitably make the global companies shift their focus to Beijing to deal with the national government in order to secure favorable positions in the country.

On this hypothesis, we sought opportunities in Beijing real estate market, and were introduced to the China Central Place (CCP) project at an early stage. In 2006, a special purpose vehicle was set up to purchase 2 main office towers while under construction, which became the first Japanese real estate fund to invest in a large project in China. The office buildings with the highest quality and competitiveness were completed in early 2007.

CCP is a multi-facility high-spec complex located in Central Business District (CBD), including prestigious commerce areas, first class hotels and high-end residential buildings. Being strategically located closer to the airport as compared to other commercial areas, CCP is highly valued by multi-national companies seeking opportunities in China, which leads to its high occupancy.

In December 2013, the investment was reorganized as a REIT and it is now listed in Hong Kong Stock Exchange as Spring REIT.

In 2017, Spring REIT acquired commercial real estate in the UK. This UK property consists of 84 retail properties spread across the UK and all store properties are collectively leased to Kwik Fit, a car service center operator. Kwik Fit is the UK's largest car service operator with over 600 stores across the UK.
In 2022, Huamao Place, a landmark shopping mall in the heart of Huizhou, of 68% was acquired. Located in the CBD of Huizhou, it has clear transportation advantages and is well positioned to attract diverse customer groups and benefit from the growth potential of Huizhou and the Greater Bay Area.