Tall & Urban News

Commercial Center in Foshan Changes Name and Ownership

Foshan. Photo by Max Zhang on Unsplash
Foshan. Photo by Max Zhang on Unsplash
17 January 2024 | Foshan, China

On 5 January 2024, it was reported that the Shunde Midea Wanda Plaza in Foshan, China, had been renamed to Yueran Plaza. Shortly after, on 8 January, industrial and commercial information showed that Foshan Shunde Wanda Plaza Commercial Management Co., Ltd., had changed its equity on 2 January 2024, and transferred it to Midea Real Estate.

The plaza which includes three high-rises and a shopping center, was jointly built by Midea and Wanda. At the end of December 2023, rumors had been circulated in the Foshan market that the Plaza would be renamed Midea Real Estate Plaza, and Yueran Plaza will be revealed at the same time. Yueran Plaza is a shopping mall brand owned by Midea Real Estate.

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Officially, Shunde Midea Wanda Plaza has been renamed to Yueran Plaza, and Foshan Wanda Plaza Commercial Management Company has been transferred to Midea Real Estate. After the change of equity, Foshan Shunde Wanda Plaza Commercial Management Co., Ltd. was also renamed "Foshan Shunde Yue Shangying Commercial Management Co., Ltd."