Wanda Is Moving Towards "Light Assets".

Wanda Commercial real estate and Everbright stone, Harvest Fund, Sichuan trust and fast money company signed investment framework agreement, 4 agencies to invest 24 billion yuan, to build about 20 Wanda Plaza.

Wanda means that the "light assets" model of Wanda Commercial real estate is officially launched, and Wanda Commercial real estate will take the development road of "light and heavy" and create a new business model.

In the past, the investment, construction and management of commercial real estate were all completed by Wanda itself. Wanda Plaza was invested in Wanda Plaza through cash flow from real estate sales, which is called heavy asset mode.

And the light asset mode is Wanda Plaza, which is invested by special fund of cooperative institution. Wanda is responsible for design, construction, investment and operation, using Wanda Plaza brand, "Hui Yun" information management system, and e-commerce system.

This investment project assets are all invested by investors, and the net rental income obtained is divided into a certain proportion by Wanda and investors.

He real estate sales, thoroughly go to real estate, become a quasi financial investment behavior.

Wanda business related responsible person.

Wanda does not need to invest a penny, but the annual income is considerable, which can reduce financial pressure, reduce corporate liabilities, and substantially raise net profit margin and return on net assets.

According to the data released by Wanda, as of the end of 2014, Wanda realized the opening of 109 Wanda Plaza.

In 2014, Wanda Group realized revenue of 242 billion 480 million yuan, an increase of 30% over the same period, of which Wanda Commercial real estate contract sales revenue was 160 billion 150 million yuan, up 26.8% over the same period last year.

Last year, Wanda realized rent reimbursement of 11 billion 80 million yuan, an increase of 32.7% over the same period, and the completion rate of rent reimbursement reached 100%.

In the past, Wanda mode relied on fast execution to make cash flow. Each project was completed within 18 months from the land acquisition and began to operate the shopping center within 24 months.

Wanda, in the period of sale and maintenance, should consider both capital investment and investment and early operation.

"Any entity commercial real estate will eventually achieve its financial attributes, and achieve the docking of business and finance, entity and virtual. This is the trend of future development, and also indicates that Wanda has entered a new stage of development."

Zhu Lingbo, director of the Asia Pacific Commercial Real Estate Academy and director of the commercial real estate Specialized Committee of the Asia Pacific Real Estate Association, told reporters.

In addition to the innovative mode of light assets in commercial real estate, Wanda will also accelerate the development of 3 industries, including cultural tourism, financial industry and e-commerce. After 5 years, it will form four basic plates of Commerce, culture, tourism, finance and electricity providers, and realize pformation and upgrading.

This is the fourth time that Wanda has proposed.

It is also a brand-new pformation with wider scope and greater intensity.

According to the plan, Wanda cultural tourism project will enter the harvest period from this year. The cultural group's revenue plan will reach 45 billion yuan. The electricity supplier company will open the Chengdu cloud data center, complete the 15 smart products on-line, continue to do well in online technology research and development, and pay the scale of payments. In the financial sector, the Wanda financial group will be established in the first quarter of this year, and 1 to 2 financial companies will be acquired in the year to move towards the Internet Financial direction.

At the same time, Wanda will also pform from Chinese enterprises to multinational enterprises. This year, 2 to 3 large scale mergers and acquisitions will be completed, and the proportion of overseas income will exceed 20% after 5 years.

Chen Xi, general manager of RET, China commercial real estate research center, told reporters that on the one hand, Wanda Plaza has already spread to more than 100 large and medium-sized cities. If we continue to develop, the next step will undoubtedly go deeper into the four less developed cities. The mode of cooperation will shift potential risks that can happen in the future. On the other hand, it is also more important.

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After 5 years of planning, Wanda Group's revenue and net profit ratio of service industry will exceed 65%, while real estate sales and net profit share will be less than 35%.

"For commercial real estate developers, how to proceed in a timely manner?

Exit will be the key, "Chen Xi said.

The new policy of real estate investment fund (REITs) introduced last year provides an excellent policy background for Wanda to launch a light asset model.

Last October, the people's Bank of China and the China Banking Regulatory Commission (CBRC) announced that they should "actively and steadily carry out the pilot project of real estate investment fund (REITs)".

Shortly afterwards, Suning pferred its 11 stores assets to CITIC stone fund management company at a price of not less than 4 billion yuan, and set up a private investment fund to develop innovative asset operation mode.

Suning's board of Directors believes that the pfer of assets in addition to improving the efficiency of assets and capital use, it also helps to promote the development of O2O integration and promote the pformation and upgrading of enterprises.

According to the insiders, Suning has no need to maintain so many stores under the general trend of electricity supplier investment.

"In a sense, the situation of Wanda and Suning is quite similar," Chen Xi said. As an important means of real estate securitization, REITs is regarded as the best way out for commercial real estate.

Under the stimulation of the new policy, many financial institutions are actively seeking project cooperation.

Against this background, Wanda and the fund's holding hands are easier to understand.