Trading name Greenland Group Traded as SSE: 600606 Headquarters China Founded 1992 | Type Public Area served Mainland China Revenue 450 billion CNY | |
 | ||
Industry real estate, property development, construction, property investment, real estate financing Key people Chairman and President - Zhang Yuliang Stock price 600606 (SHA) CN¥ 8.72 +0.05 (+0.58%)10 Mar, 10:50 AM GMT+8 - Disclaimer Subsidiaries Suzhou Feicui International Community Property Co., Ltd. | ||
Greenland Holdings Corp., Ltd. known as Greenland Group is a Chinese publicly traded real estate developer. Founded as a state-owned enterprise, the top 10 shareholders of the listed company owned a combined 97.37% stake, which some state-owned enterprise invested in Greenland via private equity funds as limited partner.
Contents
As of 2014, it owned about USD 58 billion in assets. By the company's own estimate, in 2014 it was the largest real estate developer in the world by floor space under construction and sales revenue.
It was created in 1992 to develop green belts around Shanghai. Starting around 2013, it began to make major investments in developments outside of China. As of 2014, these include Metropolis Los Angeles in Los Angeles, Spire London, a 235-metre residential skyscraper in the London Docklands, Greenland Centre Sydney in Sydney, Atlantic Yards in New York, and a 872 unit condo plus 122 room hotel complex in Toronto.
In 2014 the company takeover Shanghai Jinfeng Investment as part of a backdoor listing.
Non-real estate interests
Greenland Group are the current majority shareholder of the Chinese Super League club Shanghai Greenland Shenhua F.C., officially taking over the operation of the club after purchasing the 28.5% share owned by previous majority shareholder Zhu Jun in January 2014.