In the context of accelerating digital economy development, China's first batch of data center public REITs products has sparked enthusiastic market demand. On July 3, Southern Runze Technology Data Center REIT (Fund Code: 180901) announced the completion of its price inquiry, with a final subscription multiple reaching 167.06 times.
The fund will officially launch for public investors on July 14, priced at ¥4.5 per unit, with a total issuance scale of 1 billion units and expected total raised capital of approximately ¥4.5 billion.
Key Highlights
Strategic Allocation & Investor Breakdown
- 70% of shares allocated to strategic investors.
- 34% subscribed by original stakeholders or affiliated parties.
- 36% subscribed by other strategic investors.
- 91% of investors were institutional, with 96% submitting top-tier bids.
Underlying Asset: Langfang A-18 Data Center
Operated by Runze Technology, featuring:
- 5,897 cabinets (including high-power and ultra-high-power units).
- Total power capacity exceeding 42,000 kW.
Expansion & Recycling Funds
- Proceeds prioritized for Chongqing Runze (Southwest) International Data Hub construction.
- Supports digital infrastructure upgrades in Chengdu-Chongqing region.
Policy Tailwinds for Digital Infrastructure
Recent regulatory endorsements emphasize:
- REITs for AI/data center projects.
- Interconnected computing power by 2028.
- Asset revitalization via securities like REITs.
Expert Insights
Lin Xianping (Cultural Innovation Institute, Zhejiang University City College):
"Data center REITs financing accelerates sustainable growth, inviting broader capital participation while enhancing operational efficiency and green development."
Hu Qimu (Deputy Director, Tsinghua University Emerging Industries Research Center):
"This REIT’s success signifies high-quality advancement for China’s infrastructure REITs market. Digital infrastructure—with stable cash flow and tech edges—is becoming capital’s new priority."
FAQs
Q: Why is Southern Runze’s REIT subscription so high?
A: Strong institutional confidence in digital infrastructure’s long-term value and policy support drove demand.
Q: How will raised funds be utilized?
A: Primarily for Chongqing’s data hub, boosting regional digital capacity.
Q: What’s unique about Langfang A-18 Data Center?
A: Its mixed cabinet types (standard/high/ultra-high power) cater to diverse computing needs.
Q: How do policies impact data center REITs?
A: Encouraging asset-backed financing (e.g., via REITs) helps modernize infrastructure and aligns with national digitalization goals.
👉 Explore more about REITs investment opportunities
Market momentum reflects deepening capital recognition of digital infrastructure as a pillar for economic transformation.
(Edited by Sun Qian)