In the morning of April 2nd, the Wanda Square held a grand ground-breaking ceremony. The publicly-concerned project began officially, marking the beginning of construction of the commercial property flagship in Daqing, Liaoning province.

As a major comprehensive project worth RMB 3 billion yuan, the Wanda Square covers an area of more than 100,000 square meters and its total construction area reaches 600,000 square meters. It’s expected to finish in 2011. Upon completion, there will be big shopping malls, five-star hotels, office buildings, business blocks, luxury residential buildings and commercial residential buildings. At the same time, other landmark buildings will begin to construct. The construction of the square will break the business format in Dongfeng New Village. There will be a situation of tripartite confrontation in the Village.

As one of the major programs of Wanda Group in 2010, Wanda Square, once put into operation, will greatly promote the business, commerce and living standards of Daqing. It will bring in thousands of job posts, turn in millions of tax, and create lots of economic and social benefits.

Wanda Company of Daqing started in 1988 and it has been developed into a large group with four pillars - commercial property, luxury hotels, cultural industries and chain shopping malls. Its total asset reaches RMB 40 billion and annual sales gets RMB 30 billion. Now the Wanda Group has construction projects in more than 40 cities, opens 19 Wanda Squares and six five-star hotels in China.

By Yan Li

Editor: Xie Fang