Group 1 - The core viewpoint indicates that the performance of commercial REITs, specifically 华夏大悦城商业REIT and 华安百联消费REIT, has significantly outperformed other REIT types, with returns close to 50% year-to-date as of May 23 [1] - In Q1 2025, the total revenue of eight listed consumption REITs reached 565 million yuan, but there were notable differences in profitability, with 华夏华润商业REIT reporting a net profit of approximately 9 million yuan, while 华夏大悦城商业REIT incurred a loss of 473,000 yuan [1] - Retail performance during the May Day holiday showed a significant increase in both foot traffic and sales for companies like 万达商管 and 爱琴海集团, with many reporting sales growth exceeding foot traffic growth, indicating an increase in average transaction value [1] Group 2 - Specific sales data from 大悦城 locations showed that 北京朝阳大悦城 achieved sales exceeding 85 million yuan with a 10% increase in foot traffic, while 武汉大悦城 saw foot traffic over 560,000, a 15.8% year-on-year increase, and sales growth of 18% [2] - Marketing activities during the holiday period positively impacted foot traffic and sales, as evidenced by 上海静安大悦城's "超好逛IP&COFFEE市集" event, which attracted 131,000 visitors and boosted sales by 17.5% [2] - The launch of new projects around the holiday period has increased, with many new developments strategically opening before or after the holiday to capitalize on consumer spending [2] Group 3 - A list of new projects launched around the May Day holiday includes K11 ECOAST in Shenzhen, 罗湖益田假日广场, and several others across major cities, indicating a trend of new developments entering the market [3] - The new projects are expected to inject vitality into local commercial markets and provide consumers with a more diverse shopping and leisure experience [5] Group 4 - The announcement of a new 奥莱 REIT, 中金唯品会奥特莱斯 REIT, has been made, with its underlying asset being an outlet mall in 宁波, which has a total construction area of 104,300 square meters and a commercial area of 83,300 square meters, boasting a high occupancy rate of 99.91% [6] - The project is valued at 2.972 billion yuan, reflecting a 547% increase from its book value, and has the highest price per square meter among current listed and proposed consumption REITs at 28,505 yuan/m² [6]

Core Viewpoint - Wanda Group is planning to transfer 48 of its commercial management companies, including three Wanda Plaza projects in Chengdu, to a joint venture involving several firms, including Tencent. The transaction has been unconditionally approved, but the specific amount remains undisclosed [1][7]. Group 1: Transaction Details - The joint venture includes firms such as Taima (Zhuhai) Management Consulting, Gaohe Fengde (Beijing) Management Services, Tencent Holdings, and others, which will acquire 100% equity of the target companies held by Dalian Wanda Commercial Management Group [1][2]. - The three Chengdu Wanda companies involved in the transfer are Chengdu Shuangliu Wanda Plaza Investment Co., Chengdu Qingyang Wanda Plaza Investment Co., and Chengdu Pidu Wanda Plaza Management Co. [1][2]. Group 2: Performance of Chengdu Wanda Plazas - The three Wanda Plazas in Chengdu opened in 2016 and are the third, fourth, and fifth Wanda Plazas established by Wanda Group in the region [3][5]. - In 2023, the revenue for the three Chengdu Wanda Plazas was reported as follows: Shudu Wanda at 1.25 billion yuan, Qingyang Wanda at 1.22 billion yuan, and Shuangliu Wanda at 1.20 billion yuan, ranking 26th, 28th, and 29th respectively in the performance list of major commercial complexes in Chengdu [3][5]. Group 3: Future Operations - Post-transfer, Wanda Commercial Management will continue to manage the daily operations of these plazas, but ownership will fully shift, indicating a strategic move from "heavy asset ownership" to "light asset brand output and management" for Wanda Group [7].

万达还是流量密码，今天，"王健林再卖48座万达广场"冲上高位热搜，引发市场热议。 消息是来自国家市场监管总局近日披露的"2025年5月5日—5月11日无条件批准经营者集中案件列表"。其中一则获批案件显示—— 太盟（珠海）管理咨询合伙企业（有限合伙）与高和丰德（北京）企业管理服务有限公司、腾讯控股有限公司、北京市潘达商业管理有限公司、阳光人寿 保险股份有限公司，直接或通过其各自关联方共同设立合营企业，并通过合营企业收购大连万达商业管理集团股份有限公司直接或间接持有的北京银河万 达企业管理有限公司等48家目标公司的100%股权。 根据披露列表及赢商大数据统计，目标公司正是位于全国39座城市的48座万达广场。 本次交易后，太盟珠海、高和丰德、腾讯控股、京东潘达与阳光人寿将共同控制合营企业，合营企业将持有48家目标公司100%股权。 根据市场传闻，本次交易总金额或达500亿元，预计在2025年下半年正式交割，将显著缓解大连万达商管债务到期的流动性压力。 一石激起千层浪，"王健林到底欠了多少钱一直在卖卖卖""怎么感觉万达一直卖不完""全国还剩几家万达广场"……热议背后，我们梳理了几大核心看点。 48座万达广场里，覆盖多 ...

Core Viewpoint - The "I Love You May" series of events, particularly the "Wuyue Love Health" Guinness World Record challenge, marks a significant milestone for New城控股, showcasing its commitment to health and community engagement while enhancing its commercial operations [1][2]. Group 1: Event Overview - The "Wuyue Love Health" Guinness World Record challenge took place in Shanghai, with over a thousand participants successfully breaking the record for the most people simultaneously participating in an online and offline exercise session [1][2]. - The event is part of the broader "I Love You May" campaign, which aims to promote health and positive social energy, coinciding with the "55 Shopping Festival - Health Consumption Week" [2]. Group 2: Commercial Strategy - New城控股 integrates its extensive brand partnerships and diverse business advantages to create immersive health consumption experiences, enhancing commercial value and operational efficiency [1][4]. - The company collaborates with brands like OPPO, Li Ning, and Miniso to provide unique consumer experiences during the event, demonstrating a shift from traditional marketing to deeper operational integration [4][5]. Group 3: Business Performance - As of the end of 2024, New城控股 operates over 170 Wuyue plazas across 136 cities, serving more than 30 million members, with annual sales exceeding 100 billion [6]. - The commercial operation revenue for 2024 surpassed 12 billion, accounting for nearly half of the company's overall gross profit [6]. Group 4: Brand Image and Community Engagement - The "Wuyue Love Health" initiative positions New城控股 as a "national trend ambassador" and a "social activity volunteer enterprise," enhancing its brand image and community involvement [7][8]. - The campaign includes various health-related activities, such as health runs and wellness markets, aimed at promoting a healthy lifestyle and supporting the "Healthy China" initiative [8].

以下文章来源于红餐网 ，作者红餐编辑部 红餐网 . 做餐饮，上红餐 ！关注我，干货多！ 本文来自微信公众号：红餐网，作者：李金枝，编辑：方圆，原文标题：《大批餐厅加速抛弃商场，大洗牌还要持续2年！》，题图来自：视觉 中国 除了前文已经提到，一大批餐饮商家仍在前赴后继用"脚"投票，加速撤离商场之外，追根溯源，商场和餐饮店，要经历一场残酷的洗牌和价值体系重 构。 大批餐饮店仍在加速"逃离"商场。 "投资近300万，撑了一年半还是要关店了。"在成都大魔方开火锅店的小昭 （化名） 感到商场的生意越来越难做了。他2023年入驻大魔方，开业到现 在人气一直不高，长期处于亏损状态，准备下个月关店了。 在黑龙江凯德广场开儿童餐厅的裴丽 （化名） ，上个月主动搬出了商场，在附近的商业街重新开业了。原因是商场希望她在另一家凯德广场开2 店，"开了等于白扔钱，这边商场的人气也大不如前，谈了几次没成功，就撤店了。" 除此之外，像在超一线城市的东南亚大排档"奈斯椰"近期宣布不再与五棵松万达广场续约，并于2月15日撤离商场；青岛创意融合菜品牌银棠·新中餐 也在近日关闭了青岛崂山金狮广场店、金鼎利群店等3家门店；西安的韩式烤肉品牌"宽炉烤 ...