Wanda To Open 17 Malls This Month On Way To 323 Plaza Portfolio

Dalian Wanda Group has announced that it will be opening 17 Wanda Plaza shopping centers this month after China’s largest commercial real estate developer celebrated the opening of its 300th plaza in the Hubei provincial city of Xianning in late November.

In announcing the opening of its 300th shopping centre Wanda gave few details concerning the 105,000 square metre property, focusing instead on the 1.3 million jobs that the company says its projects have created since the Beijing-based firm began developing shopping centres in 2000.

The politically-savvy developer ပါးနပ္ was also quick to point out the contributions that its fleet of Wanda Plazas has made to growing China’s service sector — a pillar priority of the central government.

With more shopping centres having opened in the final days of November, Wanda now says it will have opened 323 Wanda Plazas in China by 31 December.

The announcement of Wanda’s latest milestone comes just over five years after the company founded by billionaire Wang Jianlin opened its 100th shopping centre in 2014, as the former PLA officer takes his real estate company on its own long march back to stability after a disastrous overseas investment campaign.

The 300th addition to Wanda’s mainland mall portfolio bring the first enclosed shopping centre to Xianning, a city with an urban population of just over 512,000 people nearly 300 kilometres (180 miles) northeast of Hubei’s provincial capital of Changsha.

Ref: Property Report