新世界发展（0017.HK）拟分拆上海K11项目

NWD proposed spinning off its Shanghai K11 project as a C-REIT, which would unlock a new funding channel upon regulatory approval. New World Development (17 HK, HKD5.81, Reduce, TP HKD4.70). On the evening of 17 September, NWD proposed spinning off its wholly-owned Shanghai K11 project - formerly known as Shanghai Hong Kong New World Tower - as a public C-REIT to be listed on the Shanghai Stock Exchange. The proposed spin-off is subject to approval by the China Securities Regulatory Commission and an issuance of a no objection letter by the Shanghai Stock Exchange. NWD has received confirmation from the Hong Kong Stock Exchange that it may proceed. If completed, the transaction would establish a new funding channel for NWD. The mixed-use asset comprises K11 Art Mall and K11 Atelier NWT office, with total GFA of approximately 130,900 sqm, including 36,000 sqm of retail space, 80,549 sqm of office space, and 14,362 sqm of car parks and other facilities. Its occupancy rate stood at 92% as