万达与万科建立战略伙伴关系
China's biggest commercial property group, Dalian Wanda, has formed a strategic partnership with China Vanke Corporation.
中国最大的商业地产集团大连万达与万科集团建立战略伙伴关系。
The two leading real estate developers will set up a co-funded company and join hands in acquisition of land and joint project development.
Cooperation will not involve a reshuffle of the two companies.
More details are expected to be revealed soon.
China Vanke will retain its commercial property business after the tie-up with Wanda Group.
The company will focus on community commercial property development.
Under the agreement, the partnership will be steered by a joint team consisting of senior executives from both companies.