Nanjing Wanda Plaza, the biggest business area with the most parking spaces in Nanjing, was started on April 12, 2008.
Wang Jianlin, president of Wanda Group, says that with total investment of RMB10 billion, it is the largest investment project in Wanda Group's history. The project will cover an area of 1.2 million square meters, which equals 168 football fields.
Nanjing Wanda Plaza will be the third generation commercial real estate of Wanda Group. It will be divided into commercial area, business area, apartment area and tourism commercial street, which include a 270,000-square-meter one-stop shopping center, a 50,000-square-meter five-star hotel, a 70,000-square-meter tourism commercial street, 310,000-square-meter office building and 260,000-square-meter high-end apartment.
In addition, Nanjing Wanda Plaza will introduce 15 main stores, which will integrate commercial activities, including department store, supermarket, commercial walking street, fitness, catering and cinema to satisfy customers demand for shopping, leisure, entertainment and socializing.
By the end of 2008, the catering part of the commercial area will be open and the business area of the project will be launched before 2010.