Dalian Wanda, Vanke an­nounce part­ner­ship

China Daily (Canada) - - CHINESE TRAIN PROJECTS AROUND THE WORLD -

The Dalian Wanda Group Co, a global com­mer­cial real es­tate con­glom­er­ate, and China Vanke Group, China’s largest res­i­den­tial real es­tate de­vel­oper, an­nounced that they will be work­ing to­gether on do­mes­tic and global projects.

The com­pa­nies signed an agree­ment in Bei­jing on May 14. The part­ner­ship is ex­pected mainly to in­volve land pur­chase and project devel­op­ment, with Wanda fo­cus­ing on the com­mer­cial as­pect and Vanke on the res­i­den­tial sec­tor.

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