Executives of HPP Hentrich-Petschnigg & Partner GmbH + Co. KG led by Director Joachim H. Faust visited Wanda Commercial Planning & Research Institute on May 31.

The two sides exchanged views on further cooperation and development of global construction sector.

HPP is one of Germany’s most successful architectural partnerships with 80 years’ history and is a design supplier of Wanda.

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About Wanda Group:

The Dalian Wanda Group was founded in 1988 and operates in four major industries, including commercial properties, luxury hotels, culture & tourism, and department store chain. The company has assets of 300 billion yuan ($48 billion) and an annual income of 141.7 billion yuan ($23 billion), and pays 20.2 billion yuan ($3.2 billion) in taxes every year. The company now operates 69 Wanda Plazas, 38 five-star hotels, 6,000 cinema screens, 57 department stores and 63 karaoke outlets across the country. By 2015, the company aims to increase its assets to 400 billion yuan ($64.8 billion) and annual income to 250 billion yuan ($40.5 billion), and pay 30 billion yuan ($4.8 billion) in taxes every year, becoming a world-class enterprise.