Commercial properties constitute the first industrial pillar of Wanda Group. The group was the first company in China to introduce a completely new commercial model: order-based commercial property development. Thanks to years of development, Wanda has grown into a leading enterprise in commercial properties in China, evolving from the first-generation individual stores, to the second-generation combination stores and further to the present third-generation urban complexes. Currently, it operates 19 Wanda Plazas and plans to increase the figure to 40 by 2010. These commercial properties will have a total floor space of 6 million square meters, generating over 3 billion yuan in annual rental income.
Possessing the only commercial planning institute in China, a national team for commercial property construction and the only chain commercial management company in China, Wanda has formed a complete industrial chain of commercial properties and developed its core competitiveness.
Wanda's urban complexes represent a perfect unity of corporate and social efficiencies. The four major social efficiencies are: 1. Each urban complex provides nearly 10,000 new jobs; 2. Each urban complex pays hundreds of millions yuan in annual tax payment; 3. Each complex is a one-stop consumption venue to meet all consumer demands; 4. Each complex creates a new urban center.
