The listing of JD Capital-invested Pangsen on the NEEQ
2016-01-26
Recently, Hangzhou Pangsen Commercial Management (835577, invested by JD Capital) was officially listed on the National Equities and Exchange Quotations (NEEQ).
Focus on commercial real estate service
Following its previous focus on community commerce research, Pangsen now mainly provides early-stage positioning, subletting and investment attraction, and late-stage operation management; it will also further expand its commercial real estate services. Pangsen seeks to build a quality online/offline platform for commercial real estate service, including investment attraction, engineering decoration and management service.
Under the model of “one company for one project”, Pangsen’s Investment Management Center seeks and rents qualified commercial real estate; a full-owned subsidiary will then be set up to operate the leased real estate and the operation will be guided by Pangsen’s Operation Management Center. A unique business model would be developed based on each real estate’s own characteristics and implemented by the subsidiary.
Commercial real estate being reshaped
Urbanization will become the key driver for China’s economic growth over the next ten years. As a result, the rising residential concentration, worsened traffic situation in the urban area, and the rise of e-commerce will highlight the value of commercial real estate; the sector’s upgrading has also picked up steam. Moreover, the brand commercial operation enjoys huge potential as dispersed merchant resources and the lack of brand operators led to the project’s high vacancy and poor deployment. Through online-offline integration, Pangsen provides professional yet quality services in the commercial real estate sector.
As the social division of labor proceeds, commercial real estate service has come to play a significant role in the modern service industry. Market demand for commercial real estate services will grow stronger considering the developing market economy, refined social division and continued internationalization. Currently, China’s commercial real estate is growing at an annual rate of 12.5%. The lack of quality shopping centers, professional operation management and differentiated
JD Capital became Pangsen’s shareholder in 2015, holding 15.15% stake before the public transfer. So far, 52 of JD Capital’s invested companies have been listed on the NEEQ.