Chao News client reporter Zhan Huiwen.
At the beginning of 2024, there will be good news about commercial real estate in Hangzhou.
First of all, the commercial rebirth of the underground space of Qingchun Plaza, which has been unfinished for many years, has been officially renamed Qingchun SS, which is expected to be completed by the end of 2025 and opened in May 2026.
In the past two days, the underground space of Wushan Square, which has been closed for a long time, has also received new news: China Resources has officially joined the project development and will join hands with Alibaba to restart the commercial development of the underground space of Wushan Square.
Real view of the first phase of the underground space project of Wushan Square (Photo: Zhan Huiwen Time: 2023).
China Resources and Alibaba joined hands to open a company.
The sword refers to the underground space business of Wushan Square.
According to the Second Anti-Monopoly Department of the State Administration for Market Regulation, the new joint venture between Runxin Commercial Investment (Shenzhen) and Chuanfu (Hangzhou) Real Estate has been publicized from February 8 to 17, and will soon enter the new company establishment process.
According to the publicity form, Runxin Commercial signed an agreement with Chuanfu Hangzhou to set up a joint venture in China, mainly engaged in the commercial operation and management of related commercial real estate.
After the transaction, Runxin Commercial and Chuanfu Hangzhou will hold 64% and 36% of the equity of the joint venture respectively, and Runxin Commercial and Chuanfu Hangzhou will jointly control the joint venture.
Runxin Commercial was established in Guangdong Province, China on November 8, 2019, and its main business is commercial operation and management services, and the ultimate controller is China Resources ***
Founded on October 13, 2009 in Zhejiang Province, China, Chuanfu Hangzhou is principally engaged in the development and operation of retail and commercial real estate and other real estate, and the ultimate controller is Alibaba Group Holdings***
Chuanfu Hangzhou is the bidder of the first phase of the underground space project of Wushan Square [2021] No. 17 of Hangzhou Zhengchu.
The Wushan Square project, which has been stalled for a long time.
Will Hangzhou MixC be ushered in?
As early as August 2017, in order to cooperate with the start of construction of Wushan Square Station of Metro Line 7, Wushan Square entered a closed state.
In May 2021, the first phase of the commercial plot of the underground space of Wushan Plaza was officially transferred, and after 36 rounds of bidding, Hangzhou Chuanfu Network Technology, a subsidiary of Alibaba, won 2The total price of 8.3 billion yuan was won, and the transaction floor price was 7,063 yuan.
Plot 4 to: east to Wushan Flower and Bird City, south to Hefang Street, west to Wushan Pinyue, north to Gaoyin Street.
According to the tweet of "Uptown Release" on June 3, 2021, the first phase of the underground space project of Wushan Plaza has a total area of about 40,000, with a total of three floors of underground space, and the commercial space is mainly located underground.
The first and second floors have an area of more than 20,000. The project will build an Ali new retail demonstration zone, and the business format will be entrusted to Yintai Commercial Group.
The project was originally scheduled to start in February 2023, but there has been no news of the start of construction for a long time. Until February 2024, Runxin Commercial (China Resources) and Chuanfu Hangzhou (Alibaba) will jointly establish a new project company.
In fact, this is not the first cooperation between Alibaba and China Resources.
As early as 2022, Alibaba signed a contract with China Resources Mixc Life to operate and manage the assets of Alibaba's commercial projects in Wuhan and Nanjing.
In Hangzhou, since China Resources entered Hangzhou in 2005, it has successfully established a number of Vientiane commercial complexes such as Hangzhou MixC City, Xiaoshan MixC City, East Station MixC City, Hangzhou Center, Chengbei MixC and Asia Olympic Vientiane World, and has been quite successful in commercial operation. In 2023, the annual sales of Hangzhou MixC will be 11.2 billion, second only to Hangzhou Tower, ranking second in Hangzhou. (Data**: Lianshang.com).
This time, will the underground commercial space of Wushan Square be the MixC City, the MixC City, or the Vientiane World? We'll see.
*Please indicate the source".