Overview
Greenland Holdings Corp., Ltd. known as Greenland Group is a Chinese real estate developer. It was founded as a state-owned enterprise. , the top 10 shareholders of the listed company owned a combined 88% shares, with some state-owned enterprises having invested in Greenland via private equity funds.
, it owned about US$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.
History
Greenland Holdings was created in 1992 to develop green belts around Shanghai. Starting around 2013, it began to make major investments in developments outside of China. , 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 an 872 unit condo plus 122 room hotel complex in Toronto.
In 2014 the company took over Shanghai Jinfeng Investment as part of a backdoor listing. Since June 2017, it has been part of Shanghai Stock Exchange's blue chip index: SSE 50 Index.
From Wikipedia (CC BY-SA 4.0).