Business

In 2019, the First Priority Group cooperated with the real estate fund of Blackstone Group in Dongguan Panshan Logistics Park (with an area of about 150,000 m2). As the asset manager of the property, the First Priority Group was responsible for the operation of the Park and introduced high-quality customers to the Park, such as SF Express and DHL. Currently, the Park also serves as Huawei’s global distribution center for mobile phones and terminal products. The asset management service of the First Priority has the highest score (91 points) in Blackstone’s logistics park in 2020, and the First Priority also won the “Excellent Park Operator” award of China Real Estate Asset Management Conference in 2019.

In 2020, the First Priority Group cooperated with CBRE Investment Management Fund in Dongguan Hupan Logistics Park (with an area of about 75,000m2). As the asset manager of the property, the First Priority Group introduced CEVA tenancy by the entirety for the Park, and now, the Park serves as Huawei’s global spare parts center. The excellent site selection and excellent asset management of the Park have won high praise from CBRE IM and Huawei.

Link Real Estate Investment Trustand the First Priority Group have successfully delivered two logistics real estate projects, namely Dongguan Jiatian and Foshan Leping, and the assets of the First Priority have been recognized by REITS for the first time. It signed a strategic cooperation agreement with Link Real Estate Investment Trust, and reached a willingness to cooperate in development, advance sale and selling of mature assets. This cooperation is also the first cooperation of Link on domestic logistics real estate industry.