Large-Scale Property Management Services Operator With Sector-Leading M&A Track Record

Listed in Hong Kong on June 2018, Country Garden Services, or CGS, listed as a spin-off via introduction by sister developer Country Garden Holdings, or CGH, at a 1-for-8.7 distribution ratio. CGS is a leading PMS player in China, backed by major developer CGH, with national coverage. Established as the PMS business of CGH since 1992, CGH’s project completions have contributed to CGS’ strong growth, with CGH having gone through a strong growth phase in terms of contracted sales at a CAGR of 30% to CNY 62 billion in 2019 and delivering 114 million sqm of projects from 2016-19. With CGS’s support as one of the largest property developers in China, CGS’ GUM experienced strong CAGR of 41% during the same period, and by 2019 CGS’ coverage spanned total contracted gross floor area, or GFA, of 685 million sqm and GUM of 279 million sqm across 350 cities and 2,405 properties.