Local developer, nation’s largest airline ink real estate deal

By Cherry Cao | January 16, 2014, Thursday |

Online Edition

SHANGHAI Greenland Group Co inked an agreement today for a strategic partnership with China Southern Airlines primarily to develop mixed-use real estate projects in or around airports.

The pact with the country's largest carrier is the latest move by the local developer to further enhance core competitiveness and facilitate business growth.

Initially, the two companies will tap into the northeastern cities of Shenyang, Harbin, Changchun and Dalian.

"As planned, Greenland will proceed with its strategy to further expand its operation of industry-themed real estate development, which will primarily focus on the airport, finance, cultural and creative industries as well as high-tech industry this year," said Zhang Yuliang, president of Shanghai Greenland. "Such a partnership will allow both companies to leverage and optimize each other's resources and further sharpen their competitive edges to sustain future business growth."

Greenland, which signed a similar agreement with China Eastern Airlines in August 2103, said earlier this week that it expects to raise its operational income to 400 billion yuan (US$65.6 billion) in 2014 from last year's 330 billion yuan.

Real Estate

About Us
|
Terms of Use
|
RSS
|
Privacy Policy
|
Contact Us
|
Shanghai Call Center: 962288
|
Tip-off hotline: 52920043

沪ICP证：沪ICP备05050403号-1
|
互联网新闻信息服务许可证：31120180004
|
网络视听许可证：0909346
|
广播电视节目制作许可证：沪字第354号
|
增值电信业务经营许可证：沪B2-20120012

Local developer, nation’s largest airline ink real estate deal

Email this to your friend