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Property giants Vanke, Wanda join hands to do joint projects

Published Thu, May 14, 2015 · 09:50 PM
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Beijing

CHINA Vanke Co and Dalian Wanda Group Co, two of the nation's biggest property companies, forged a strategic partnership that may lead to more than 100 billion yuan (S$21 billion) of joint projects.

The companies will buy land and develop projects together to "leverage on their respective strengths" in commercial and residential real estate, according to a joint statement on Thursday.

They are also discussing joint projects that would exceed 100 billion …

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