WAL-MART'S Self Built Shopping Center

China formally announced in September 1st that it will spend about 600 million yuan to set up China's first community shopping center "Zhuhai music world" in Zhuhai, and will introduce Sam's member store, Zhuhai's first store as the main store.

This means that WAL-MART, a retail giant, has begun to set foot in commercial real estate business in China.

WAL-MART China formally announced in September 1st that it will spend about 600 million yuan to set up China's first community shopping center "Zhuhai music world" in Zhuhai. Meanwhile, it will introduce Sam's member store, Zhuhai's first store as the main store.

This means that WAL-MART, a retail giant, has begun to set foot in commercial real estate business in China.

The responsible person told reporters yesterday that the Zhuhai Lok world is WAL-MART's self purchase property and is expected to be completed in 2016. It is WAL-MART's first shopping center in China for its own development, construction and management.

With the rise of domestic retailers, the reliance on Wanda Plaza, which used to provide low-cost rents, has greatly reduced its dependence. In recent years, soaring rents have pushed WAL-MART to the corner.

In the middle of August, WAL-MART announced a new property team in Mid China to support the growth of Verma Sam's member stores.

Facing the market situation of China's commercial real estate surplus, Xia Bi De, director of WAL-MART real estate business in Asia, said WAL-MART would "abandon the general election" and scale the community shopping center on the scale.

stay

Before, TESCO Tesco has also set up a special real estate team in China and invested in developing its own brand of shopping malls, which is very similar to WAL-MART.

But Tesco China has already bought Huarun million for its poor management.