Introduction

EBA Investments (referred to as “EBA” hereafter) is a cross-border real estate asset management firm focusing on China’s real estate market, a leading figure in China’s real estate PE industry and the largest industrial investment fund manager and real estate investment platform of China Everbright Limited. EBA has been specifically engaging in real estate investment and asset management in China for over a decade.

After more than ten years of intensive cultivation in the field of domestic and foreign real estate investment, EBA formed a number of mature product lines including equity investments, structured finance, cross-border investments, direct investments in the capital market and real estate assets securitization etc.

Meanwhile, EBA has set up a comprehensive asset management function. EBA’s asset management department includes Risk and Asset Management team, Development Management team, Commercial Real Estate Management team and Industrial Real Estate Management team. Through combining central management and project onsite supervision, EBA is able to provide an one-stop integrated solution for a real estate project from its commencement, covering from its initial positioning, designing, constructing to its leasing, sales, operational management and ultimately to its securitization.

As of March 2020, through various sorts of opportunistic and value-added real estate funds, EBA has accumulatively managed assets worth over RMB 116 billion and achieved successful exit of more than 110 real estate projects worth more than RMB70 billion.

Investment Strategy

EBA adheres to value investment, meaning exploring properties that are potentially under-valued and carrying out operational management activities to improve their operational performance hence the valuation and exiting the property with increased value to generate returns for investors. EBA primarily focuses on properties that are long-term and stable cash flow generators, including retails, shopping malls, office buildings, complex properties, office campuses, logistics warehouses, hotel and so forth.

EBA targets both mature and low-risk properties that can generate stable cash flows and those locating in the core areas and potentially able to achieve valuation elevation through repositioning, upgrading, rehabilitating and operation optimizing.

  • Commercial Properties & Commercial-focused Complex
    In commercial properties field, EBA’s strategy is to invest in the downtown shopping centers in second-tier and third-tier cities as well as regional shopping malls in first-tier and key second-tier cities. EBA has established its own commercial property asset management team and created its own retail brand, namely “IMIX Park”. As at March 2019, EBA manages 16 IMIX Park projects (either under operation or under construction) with total GFA exceeding 1.7 million sqm locating in the central areas of several second-tier and third-tier cities and sub-central areas of a couple of first-tier and key second-tier cities including Shanghai, Beijing, Chongqing, Chengdu,Xi’an,Nancang, Qingdao, Shunde and Jiangmen.
    EBA also invests in the large-scale commercial-focused complexes in first-tier and second-tier cities covering diversified property classes such as hotels, apartments, office buildings and retails. The strategy is to explore and lift up the inherent value of these assets by repositioning, proactively developing, selling and adopting innovative operational measures.
     
  • Office Building & Office Campus
    As for the office buildings and office campus, EBA primarily invests in those locating in the prime area of first-tier cities and that are under development or in their mature stage yet potentially improvable due to poor operational management or outdated designing. The strategy is to add value to the assets by repositioning rehabilitating and operation optimizing to improve and stabilize their cashflow generation.
     
  • Logistics Property
    EBA has laid out several logistics properties in nation-wide transportation-hub areas as well as a number of first-tier and second-tier cities, including those under stable operation, those under construction and those in the pipeline.

Our Edges

  • First-class management team
    EBA’s senior management team owns international horizon and extensive real estate industry exposure. The team is comprised by the best-in-class professionals in real estate industry as well as in investment and asset management fields 
     
  • Integrated asset management system
    Our professional team comprises of investment and asset management experts who has rich experience in investment and in-depth industrial knowledge of the real estate market. Our asset management team provides a comprehensive set of real estate property management services, including portfolio management, initiatively-developed properties management and commercial properties management. The team implements the whole management process of both development and commercial properties by offering an integrative one-stop shop service from prophase, designing, cost planning, constructing, to leasing, sales, financing and investment and exiting by various channels including asset sales, equity deal and securitization.
     
  • Sophisticated asset-backed securitization competence
    EBA is well-versed in real estate asset management on a full-cycle basis. The team places importance on not only the risk research and assessment plus investment making at front end, coupled with continuing operation of the property at back end, but also on the exit and value realization of the assets under management. As the first real estate investment management platform with an in-house professional asset securitization team in China, EBA dedicates to realizing asset value through securitization, an effective exit channel which significantly reduces the leverage cost of assets holding.
     
  • Comprehensive risk management system
    EBA employs a rigorous process of project assessment and selection and establishes a robust project risk evaluation system and risk identification system. The strong investment management capabilities enable the team to mitigate the risk of real estate assets by designing efficient deal structure which meets the clients’ needs yet with manageable level of risks. During the process of conducting a real estate project (developing/reconstructing/operating), EBA’s asset management team monitor and control significant milestones and enhance the capabilities on risk identification, asset management and risk management by recapping the entire project upon completion.

    Supported by strong shareholders and their extensive network, EBA have unparalleled access to a strong pipeline of opportunities in various cities in China, where the real estate market demand is fueled by urbanization and strong fundamentals in a rapidly growing economy. EBA has made a solid track record of success in the past few years and has earned the top rank in " Top 10 Funds in Terms of Comprehensive Strength Among China Real Estate Funds " for 6 consecutive years from 2015-2020.

Chongqing IMIX Park Project (Commercially Operated class)

IMIX Park is a successful nationwide commercial brand created by EBA. There are currently 12 IMIX Parks under operation and the one located at the Guanyinqiao District of Chongqing is regarded as the masterpiece. EBA acquired this property through fund structure in 2009 and since then implemented the rehabilitation by repositioning, refurbishing and operational alteration. IMIX Park has now become the most popular commercial brand among the youth in the central retail district in Chongqing. In 2016, EBA structured it to a real estate ABS product named as” EBP-EBA IMIX Park Asset-backed Securities” and got it listed on Shenzhen Stock exchange. The product was awarded as the “Most Popular Prize in REITs and Commercial Real Estate Mortgage Loan ABS in 2016.

New Everbright Centre Project (Initiative Developed class)

A large-scale complex real estate project over an intersection of two underground lines, New Everbright Center is located at the central area of Tongzhou District of Beijing. The complex contains apartments, office buildings, high-rise buildings, annex commercials as well as underground commercials. Managed and operated by EBA Investments team, this project was jointly invested by China Everbright Limited and Ying Li International Real Estate Limited (respectively listed on Hong Kong Stock Exchange and Singapore Stock Exchange) and co-operated d with IDG Capital on acquisition. EBA Investments aims to create a new CBD Centre post the migration of Beijing Municipal Government from city center to Tongzhou District.

Yuehong Plaza (Office Building class)

With GFA of 62,000 of sqm, Yuehong Plaza contains two industrial office buildings and annexed skirt buildings industrial office buildings located at the Core Industrial Park in Caohejing (Xuhui District, Shanghai). The construction of the Plaza was completed in March 2015 and was recently successfully acquired by EBA Investments. We aim to improve the property quality and thus the rental rate by initiative management in order to provide long-term and stable return for the investors.

  • Chen Hongfei

    President of Everbright Jiabao, Chairman of the Board and the CEO of EBA Investments

    Mr Chen currently is the President of Everbright Jiabao and Chairman of the Board and the Chief Executive Officer of EBA Investments. He is responsible for the overall management of EBA Investments. He used to serve as the general manager of Everbright Prestige Capital, the chief investment officer of Tishman China Fund and the investment director of Lehman Brothers’ subsidiary asset management company. Mr Chen has over 15 years of experience in real estate investment and asset management as well as the capital market. He is proficient in both Chinese and English. Mr. Chen holds a master degree in real estate development of the University of Southern California and a Bachelor degree in architecture of Tsinghua University.  

Real Estate Fund

Tel (86 10) 8349 6100
Fax (86 10) 8349 6099
Email info@ebainvestment.com
Postcode 100034
Address Room 808, Level 8, Everbright World Centre, No. 28 Ping An Li West Street, Xi Cheng District, Beijing, China