BHG Retail REIT's Beijing Wanliu Mall (Photo: BHG Retail REIT)BHG Retail REIT's Beijing Wanliu Mall (Photo: BHG Retail REIT)

Units of BHG Retail REIT (SGX:BMGU) opened and closed unchanged from its offering price of SGD0.80 on 11 December.

The retail REIT, launched by Chinese retailer Beijing Hualian Group (BHG), was making its debut on the Singapore Exchange as the country’s first initial public offering for 2015.

BHG Retail REIT has an initial portfolio of five retail properties with an aggregate gross floor area of approximately 263,688 square metres and and a total appraised value of approximately RMB2.8 billion (SGD605.9 million) as at 30 June 2015.

Upon its debut, units of the REIT advanced intermittently to SGD0.81 before falling back to its IPO price by the close of the trading day.

By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.