Wanda Group successfully acquired the Jinshajiang Road lot in Shanghai


After year-long negotiations, inspections and appraisal, Wanda Group successfully acquired the 280-mu lot on Jinshajiang West Road in Shanghai’s Jiading District on November 19 at the cost of 992.13 million yuan. This was the third major investment in Shanghai made by Wanda Group after the successful development of the Wujiaochang Wanda Plaza and the Nanhui Zhoupu Wanda Plaza. The lot was the largest of its kind sold by Shanghai in 2008 for general development, including residential, commercial and office buildings.

Located in Jiangqiao Town in Shanghai’s Jiading District, the lot is only one kilometer from the Outer Ring Road and can easily reach the areas including Putuo, Jiading, Minhang and Hongqiao Development Zone. The proposed rail Line 13, which will have a station at the northwest corner of the lot, will be open to traffic in 2012. According to plan, Wanda Group will build a 400,000-square-meter complex of structures in the business district in the west of Jiangqiao Town. The structures will include a 200,000-square-meter commercial plaza, and the place is expected to become a thriving commercial area in Shanghai’s west region in two years.


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