SKP, the "best shopping mall in China", shares in Wuhan Hanjie wanda plaza Project, holding 60% of the shares.
Wang Jianlin introduced SKP Department Store, which is known as "the best shopping mall in China", to cooperate with wanda plaza, Chuhehan Street, Wuhan, Hubei.
On June 3, The Paper (www.thepaper.cn) inquired about the industrial and commercial information and saw that Beijing Hualian (SKP) Department Store Co., Ltd. took over the asset management business of the second block of Chuhehan Street (Wanda J3 plot) and the wanda plaza of Chuhehan Street in Wuhan Central Cultural District in the form of equity acquisition.
According to The Paper, the business that SKP took over this time does not include Wuhan Hanxiu Theater.
According to the data, Beijing Wanda Lianda Commercial Development Co., Ltd. was incorporated on April 12, 2021 with a registered capital of 10 million yuan. At present, Beijing Hualian Hanjie Commercial Management Co., Ltd. holds 60% of the shares, and Dalian Wanda Commercial Management Co., Ltd. holds 40% of the shares. Beijing Hualian Hanjie Commercial Management Co., Ltd. is 100% owned by Beijing Hualian (SKP) Department Store Co., Ltd.
Some analysts said that for SKP and Wanda, SKP has always wanted to land in Central China, and Wanda also wants to introduce high-end businesses to boost the consumption quality of Hanjie.
In fact, as early as the end of 2020, it was reported that SKP would acquire Wuhan Wanda Han Street Project.
On May 24th, SKP, a high-end department store under Beijing Hualian Group, signed a contract to settle in Wuchang District at the signing meeting of the second quarter investment promotion project in Wuhan. This is the third project that SKP signed after Hohhot and Hangzhou this year, and the fourth SKP that was officially started after Beijing, Xi ‘an and Chengdu. Wanda plaza of Chuhe Han Street is expected to be retired at the end of August and handed over to Wuhan Hualian (SKP) Department Store for renovation. It is expected to open after 2023.
Beijing SKP is a joint-venture department store invested and built by Beijing Hualian Group, which is positioned as high-end luxury and fashion, and is one of the most iconic fashion luxury department stores in the world. In 2018, the annual sales of SKP in Beijing reached 13.5 billion yuan, setting a new record for the development history of department stores and shopping centers in China commercial market. In 2019, Beijing SKP achieved sales of 15.2 billion yuan in a single store, ranking first in the world in terms of sales output per square meter and second in the world in terms of sales output per single store. In 2020, Beijing SKP’s sales revenue was 17.5 billion yuan, an increase of 15.13% compared with 2019. Therefore, SKP is considered as the most profitable shopping mall in China.
As for why SKP chose to enter Wuhan in the form of cooperation with Hanjie Wanda, some insiders said that Chuhe Hanjie was large enough. In addition, Chuhe Hanjie Wanda was originally positioned as a high-end consumer group, so it was reserved for heavy luxury in the early stage of construction. After SKP took over, the hardware transformation conditions were not difficult.
According to the data, Wuhan Wanda Chuhe Hanjie Project is located in Wuhan Central Cultural Center. It is a world-class cultural tourism project built by Wanda, which takes culture as the core and integrates the functions of tourism, commerce, commerce and residence. This project is the largest investment in the cultural industry of a single project in China, with a pure cultural investment of 8 billion yuan, a total investment of about 30 billion yuan and a total construction area of 3.4 million square meters. It officially opened on September 30, 2011.