Guangzhou Development Holdings Invests RMB40 Billion in Strategic Industries; Park REIT Occupancy Slips

Guangzhou Development District Holdings Group Co. , Ltd. recently released data showing that the company is deeply focused on industry tracks including "dual carbon" intelligent manufacturing, new energy vehicles, biomedicine, optoelectronic displays and commercial aerospace. It has invested in more than 400 projects, with cumulative strategic emerging industry investment exceeding RMB40 billion. Among its portfolio companies, more than 30 have completed IPOs, with a combined market value of over RMB500 billion.

On major industrial projects, Guangzhou Development Holdings invested in Zhongke Aerospace and subsequently facilitated the relocation of its headquarters into the district, where launch support facilities are also being planned. It co-invested in the fourth phase of Yuesemi Semiconductor, driving the clustering of upstream and downstream semiconductor enterprises. The group made a strategic investment in Xpeng Motors, helping it build a new energy intelligent manufacturing base in the development district, and led investment in Xpeng AeroHT, advancing the landing of the world's first mass-production plant for flying cars in Guangzhou Development District.

In September 2024, Guangzhou Development Holdings packaged approximately 270,000 square metres of its "Three Innovation" park as underlying assets and successfully listed the E Fund Guangzhou Development Industrial Park REIT (code: 180105). Affected by multiple factors including ample regional supply and falling market rents, the park's overall occupancy rate declined as of August 2026.

As of the first half of 2026, the park housed 228 companies, including 78 national, provincial and municipal-level specialised and innovative enterprises and 114 high-tech enterprises. It has gathered innovative companies such as Senrui Technology and Zhongke Tianyuan, and has successfully incubated several listed companies including Jiechuang Intelligent, Hongjing Technology, Maipu Medical, Weide Information and Huizhiwei.

During the 15th Five-Year Plan period, Guangzhou Development Holdings will adopt REIT asset securitisation as the development path for its technology park segment, driven by the dual model of "industrial ecosystem operations plus REIT asset securitisation," building a replicable asset recycling platform capable of follow-on fundraising and focusing on nurturing owned assets such as Guangzhou Development Yunling Technology City. The group will also expand market-based Pre-REITs acquisitions, concentrating on core regions including the Guangdong-Hong Kong-Macao Greater Bay Area, the Yangtze River Delta and the Beijing-Tianjin-Hebei region, to accelerate the acquisition of industrial and commercial income-generating assets with favourable locations, clear property rights and stable rental foundations.