Dalian Wanda to open 17 malls this month
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Chinese real estate developer Dalian Wanda Group will reportedly open 17 shopping centres this month.
The group recently opened its 300th plaza in Hubei province, a 105,000sqm shopping centre based in Xianning – the first enclosed mall in the city – including a 275m indoor shopping street and an Imax theatre, as well as hosting 200 retailers.
Wanda is poised to open four new plazas on December 20, followed by three on December 28 and 31. The group intends to operate 323 plazas in total by the end of the year, the majority of new locations in low-tier cities.
The group has opened centres in 188 cities in 30 provinces nationwide.
Questions & Answers
Q.How many shopping centres will Dalian Wanda open in total this month?
How many shopping centres will Dalian Wanda open in total this month?
Dalian Wanda Group will open 17 shopping centres this month. This includes four new plazas on December 20, and then three more on December 28 and 31. The exact breakdown for the remaining ten is not provided.
Q.What is the size and key features of Dalian Wanda's 300th plaza?
What is the size and key features of Dalian Wanda's 300th plaza?
The 300th plaza, located in Xianning, Hubei province, is a 105,000 square metre shopping centre. It features a 275-metre indoor shopping street, an Imax theatre, and hosts 200 retailers.
Q.Where are most of the new Dalian Wanda shopping centres being built?
Where are most of the new Dalian Wanda shopping centres being built?
The majority of Dalian Wanda's new shopping centre locations are being opened in low-tier cities. This strategy aims to expand their presence into new urban areas across China.
Q.How many shopping centres does Dalian Wanda expect to operate by the end of the year?
How many shopping centres does Dalian Wanda expect to operate by the end of the year?
Dalian Wanda Group intends to operate a total of 323 plazas by the end of the current year. This figure includes both existing and newly opened centres across its network.