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Greenland Holdings

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Greenland Holdings
Greenland Group
Company typePublic
SSE: 600606
Industryreal estate, property development, construction, property investment, real estate financing
Founded1992
Headquarters
Shanghai
,
China
Area served
Mainland China
Key people
Chairman and President - Zhang Yuliang[1]
Productsapartments, infrastructure, real estate property, financial loans
RevenueRMB 450 Billion[2]
Owner
  • Shanghai Government (46.37%)
  • employee and former employee (28.99%)
Greenland Holdings Corp., Ltd.
Simplified Chinese绿地控股集团股份有限公司
Literal meaningGreenland Holdings Group Joint-Stock Limited Company
Transcriptions
Greenland Group
Simplified Chinese绿地集团
Transcriptions

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.

As of 2014, it owned about USD 58 billion in assets.[3] 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.[4]

It was created in 1992 to develop green belts around Shanghai.[5] Starting around 2013, it began to make major investments in developments outside of China.[4] As of 2014, these include Metropolis Los Angeles in Los Angeles,[5] Spire London, a 235-metre residential skyscraper in the London Docklands,[6] Greenland Centre Sydney in Sydney, Atlantic Yards in New York,[7] and a 872 unit condo plus 122 room hotel complex in Toronto.[8]

In 2014 the company takeover Shanghai Jinfeng Investment as part of a backdoor listing.[9][10]

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.[11]

Shareholders

As of 30 June 2016

References

  1. ^ http://www.greenlandsc.com/en/About_gltd.aspx
  2. ^ http://www.greenlandaustralia.com.au/en/greenland-group-to-list-on-the-shanghai-stock-exchange-after-a-hugely-successful-2014/
  3. ^ "Chinese outward real estate investment: after the initial waves, what's next?" (PDF). Knight Frank. 2014.
  4. ^ a b Fung, Esther (2014-12-16). "Chinese Builder Greenland to Expand in Existing Markets". Wall Street Journal. ISSN 0099-9660. Retrieved 2016-08-13.
  5. ^ a b Vincent, Roger (2014-02-14). "Chinese developer unveils plans for Metropolis project in L.A." Los Angeles Times. ISSN 0458-3035. Retrieved 2015-11-06.
  6. ^ "China's Greenland Group plans residential tower for London Docklands". Global Construction Review. 8 October 2014. Retrieved 2015-11-06.
  7. ^ Hughes, C. J. (2014-05-16). "Chinese Real Estate Developers Take the Lead on New York Projects". The New York Times. ISSN 0362-4331. Retrieved 2015-11-06.
  8. ^ Landau, Jack. "Westinghouse Building Disassembly Underway at King Blue Site". Urban Toronto. Retrieved 15 May 2016.
  9. ^ http://www.chinadaily.com.cn/business/2014-03/19/content_17361843.htm
  10. ^ "China's biggest developer Greenland Group to make back-door listing". South China Morning Post. Retrieved 2015-11-06.
  11. ^ "绿地宣布接手申花 朱骏时代宣告终结". sports.163.com. 1 February 2014. Retrieved 2 February 2014.