Lujiazui Group's first residential rental apartment in Qiantan was sold for 945 million yuan. The buyer is a fund with Shanghai state-owned assets background.

The first rental residential project in the Shanghai Bund International Business District, "Bund Yongcui 46," has been successfully transferred. On August 19, sources familiar with the matter said that the bidder is a fund with background in Shanghai state-owned assets, aiming to revitalize assets. The fund will consider various possibilities for exiting the channel in the future, including REITs. On July 7th of this year, Shanghai Bund International Business District Investment Co., Ltd. listed on the Shanghai United Property Rights Exchange to transfer 100% equity of Shanghai Hongpei Real Estate Co., Ltd. and 4.89 billion yuan of debt owed by the transferor to the target enterprise, with a base price of 945 million yuan for the transfer.