Is Xiaomi’s planned Shanghai headquarters land taken back? Xuhui District: This land has been adjusted from mixed commercial and office land to residential land.

According to news from this site on May 23, recently, changes in a commercial office land in Shanghai’s Xuhui Binjiang that Xiaomi acquired three years ago have caused concern.

"A spokesman for Xiaomi responded to the matter yesterday, saying that Xiaomi's business development in Shanghai is going smoothly, and the matters related to the xh128D-07 plot of Xietu Street, Xuhui District are implemented according to development needs and procedures. "

According to reports, Shanghai Xuhui District officials said: On May 20, the Xuhui District Planning and Natural Resources Bureau issued the "Controlled Detailed Plan for the WS3 Unit of the Huangpu Jiangnan Extension in Xuhui District, Shanghai" xh128D The public participation draft of "Neighborhood Department Adjustment" will be announced to the public. According to the announcement, xh128D neighborhood is located in the south of Xietu Street, Xuhui District, in unit WS3 of the Huangpu Jiangnan extension. It is bounded by Xianfeng Road in the east, Damuqiao Road in the west, Zhongshan South 2nd Road in the north, and Longhua Middle Road in the south, with a total land area of ​​8.36 hectares. This adjustment includes the nature of the land. The original controlled land plot xh128D-07 is adjusted from a mixed commercial and office land to a three-category residential group land. The land area remains unchanged at 16,666 square meters. The xh128D-07 plot was acquired by Xiaomi three years ago.

In October 2021, Mi Space (Shanghai) Information Technology Co., Ltd., a subsidiary of Xiaomi, won the above-mentioned land for 1.55 billion yuan. Xiaomi said at the time that the land was planned as early as 2018 for the Shanghai headquarters, and Xiaomi's Shanghai headquarters has many functions, including mobile phone research and development, finance, Internet and other businesses. The construction plan for this land is to bring together multiple business teams.

Yesterday, some media discovered that Xiaomi’s land has been included in the 2024 land reserve plan. Some netizens are worried that Xiaomi may lose 310 million yuan as a result. The deposit and even the entire land payment of 1.55 billion yuan. In response, Wang Hua, general manager of the public relations department of Xiaomi Group, responded: The municipal planning land has changed, and the government needs to purchase and reserve it. For details, please refer to previous reports on this site.

Related reading:

• "Xiaomi: The report that the company will no longer use the land related to Xuhui Binjiang is seriously untrue"

• "Wang Hua responded to Xiaomi Shanghai's retreat: Municipal planning land has changed, and the government has a need to acquire and store it"

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