Taibao nearly 2.2 billion purchase of rich building insurance funds into real estate

China Pacific Insurance (601601. SH, hereinafter referred to as "Taibao") nearly 2.2 billion yuan to buy the rich at the Beijing Financial Street Building (North HSBC Building C2). To the building of about 71,000 square meters of construction area of the acquisition price of about 30,000 yuan / square meters. In their own name to purchase investment properties in the domestic insurance institutions, Taibao could be considered late.

Although the regulatory authorities until last week before a possible release of insurance funds to invest in real estate attitude, but including China Life, Taikang Life Insurance and Ping An of China (601318. SH), such as insurance agencies this year before the direct or indirect Purchase of land or buildings. Last year alone insurance companies to buy the property, has a total of 200,000 square meters, and the most concentrated in the Beijing Financial Street. This has directly led to the Beijing office of the property investment boom. From the first quarter of the situation, this boom is still likely to continue this year.

In fact, earlier this month, Finance Street (000402. SZ) will be just in the development of the Beijing Financial Street Jinqi the sale of the building and the China Everbright Bank, 98,500 square meters of construction area of about 2.3 billion yuan to the total amount of transactions, price only 23,000 yuan / square meters, compared with Taibao this time of the purchase price of slightly enriched Building High.
Beijing International Hi-first quarter of this year's report showed that first quarter of this year, in addition to the above two cases of office property investment, there is also a perfect time limited liability company to purchase 700 million yuan in Chaoyang District, a total construction area of 55,000 square meters Tong Cheng Kai-ming of the bid case. According to reporter has learned, Shui On Construction and Materials (00983. HK) at the beginning of this year will be in Beijing Maple Center and the sale of a stake in foreign funds.
In addition, a developer of the building in the rich trillion Beijing Real Estate Development Company Limited of Thailand website that the company is also preparing to sell the building next to the rich being developed by the Financial Street North C1 HSBC building, and the embassy in Beijing's Yabao gathered regional development A1 road building, the sale of two properties in the state are "whole sale" message.
Prior to this, Richard Li's PCPD (00432. HK) also announced that the company is in Beijing on the development of the Pacific Century sale of contact with investors. Pacific Century to about 4 billion yuan and the expected price of the property is not part of the sale of about 170,000 square meters of the acquisition price may be more than 23,500 yuan / square meters.
The industry said that Beijing's high-quality office property generally higher return on investment, since last year, the Beijing market to be sold, the property has been basically mature office in the "default" status and therefore, many investors will be transferred to the vision has not yet Completion of the property. The acquisition of Taibao rich buildings, and the China Everbright Bank acquired Jinqi buildings are still in the development of the property, fulfilling the end of this year, the fastest building can be settled, but would Jinqi buildings to be completed by the end of February next year .
Long-term research in the East China Ping'an Securities Corp. analyst Wang Xiaogang said that from the relevant information, the insurance companies through the alternative means of investment in real estate has been more obvious. China Ping'an in Shanghai's Jingan District-occupied properties as an example, the floor is about a few of their own, and there are about five to eight floor is used for external rental. To personal use to purchase commercial buildings, can be regarded as the use of insurance funds, but these insurance companies to buy the building area far exceeds the demand for its own use, and some floors through external lease charge high rents. China Ping An, China Taibao are trying to build a new real estate asset management territory.
It seems that in Wang Xiaogang, Jian Guanceng metres of insurance funds have not yet direct investment in real estate, therefore, such a "lease-occupied +" model can be understood as "curve" or "disguised" invest in real estate.

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