Xiangyu(SH:600057) Sou Hu Cai Jing·2026-02-12 02:23Group 1 - The core point of the article is that Xiangyu Real Estate has completed the acquisition of Xianlesi Plaza in Shanghai's Nanjing West Road core business district for a transaction price of 2.1 billion yuan, acquiring 90% equity in the project at a 25% discount from the initial offer [1] - Xianlesi Plaza is a high-end complex that includes Grade A office buildings and boutique commercial spaces, with a total construction area of approximately 84,900 square meters, located in the Nanjing West Road-People's Square core area [1] - The project will be managed by Xiangyu Commercial Development and will be transformed into a model for urban renewal, with a name change to Xiangyu Group Xianlesi Plaza [1] Group 2 - The plaza was originally developed by a consortium including Gao Ren China, Baodi Real Estate, and Xianlesi Cultural Industry, holding 67.19%, 31.49%, and 1.32% of the equity respectively [1] - In 2023, the project was put up for sale with an initial asking price of 2.8 billion yuan, but due to complex ownership and structural issues, negotiations were unsuccessful until Xiangyu Group entered the bidding [1] - The plaza has a rental rate of approximately 90% for the commercial space and over 70% for the office buildings as of 2023 [4]