BHG Retail REIT is the first retail REIT sponsored by an established PRC home-grown retail property operator, Beijing Hualian Department Store Co., Ltd.
Established in May 1998, the Sponsor is a listed company on the Shenzhen Stock Exchange (stock code: 000882). The Sponsor is one of the first companies to be engaged in retail property management in China whose focus is mainly on the ownership and management of community retail properties. These properties are positioned as one-stop family-oriented destinations for the community in its locality, with shopping, dining, recreational and entertainment facilities to cater to an extensive variety of communal needs.
The Sponsor is part of the BHG Group, a leading integrated retail group in China:
The BHG Group, which includes, inter alia, Beijing Hualian Group, the Sponsor and Beijing Hualian Hypermarket Co., Ltd. is involved in four main businesses:
- Management of retail properties;
- Operation of supermarkets/hypermarkets;
- Operation of SKP Beijing, a luxury department store located in Beijing's Central Business District; and
- Retail distributorships which include internationally renowned brands such as COSTA Coffee and Clarks.
Other than the Sponsor which is listed on the Shenzhen Stock Exchange, BHG Hypermarket is another listed entity in the BHG Group, which focuses primarily on the operations of supermarkets and hypermarkets. Listed on the Shanghai Stock Exchange since 29 November 2001, Beijing Hualian Hypermarket Co., Ltd trades under the stock symbol "600361".