3rd Wand gear switch a Plaza in Wuhan starts construction
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3rd Wanda Plaza in Wuhan starts constructionPublished: 30 Sep 2009 00:19:55 PST<p class="authorInfor"]</p]<!--begin CK content--]<ul class="narrow"]Top 5 News From ChinaKnowledge.comChina Star sees surging turnover in H1TSMC to produce Intel Atom processor, graphics chipsShares of Peak Sport plunge 17.07% on HK debutWynn Resorts may start building Macau casino next yearShunfa Hengye buys land in Hangzhou for RMB 434 mln<P]Sep. 30, 2009 (China Knowledge) - Dalian Wanda Group Corp Ltd, which is engaged in the development of real estate, hotels and chain department stores, on Friday started construction on an RMB 7-billion mixed-use property project in Wuhan, Hubei Province, sources reported.</P]<P]The project, which will be the third Wanda Plaza project in Wuhan, has a potential floor area of 620,000 square meters. The project will consist of a luxury hotel, a Grade-A office building and 250,000 sq m of designer apartments. </P]<P]Dalian Wanda Group currently operates 21 Wanda Plazas in China and is building nearly 30 more. </P]<P]The group plans to kick off anther three Wanda Plazas in Wuhan in the second half of this year. The group will have invested a total of RMB 40 billion in the six plazas in Wuhan, an amount even higher than the amount the group has invested in Beijing or Shanghai, said Chairman Wang Jianlin.</P]
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