2015-05-22

Wanda Looks To REITs As Part of Asset-Lite Strategy

WSJ: Dalian Wanda Setting Up REIT-Like Product
Chinese firm Dalian Wanda Commercial Properties Co., the property arm of Dalian Wanda Group, is looking to launch its own investment product next month to fund the building of shopping malls amid a persistent downturn in property sales.

Wang Jianlin, the billionaire who controls the company, said the firm will roll out a wealth-management project to finance more of its signature Wanda Plazas around the country. The “asset-light” strategy is a way to fund expansion without being weighed down by assets and it fits in with Mr. Wang’s strategy to transform the company into an investment and services company, similar to hotel management firms.

“The company is changing its direction, from one that focused on real estate, into the services industry,” Mr. Wang said in a speech given at an event organized by the Shenzhen Stock Exchange last Wednesday, which was published on its corporate website Monday.

EO: 万达迁都上海密情:自贸区将提供“轻资产”战略的重要支点

No comments:

Post a Comment