Suning Real Estate

For others real estate companies of the same name, see Suning.
Suning Real Estate
Native name
 苏宁置业集团有限公司
limited company
Industry Real Estate
Founded 2002
Founder Zhang Jindong
Headquarters 16th floor, 68 Huaihai Road, Nanjing, China
Key people
Profit CN¥4.742 million (Q1–3 2015[1])
Total assets CN¥54.639 billion (Q1–3 2015[1])
Total equity CN¥7.985 billion (Q1–3 2015[1])
Owner
Website suningestate.com
Footnotes / references
in consolidated balance sheets (unaudited)[1]

Suning Real Estate (Chinese: 苏宁置业集团有限公司) is a Chinese real estate company. It was privately held by the founder of Suning Commerce Group, Zhang Jindong, for 65% stake.

Suning Plaza, Zhenjiang and Nanjing Olympic Suning Tower were under construction by the company. Suning Plaza, Wuxi was completed in 2014. Some properties of Suning Real Estate were leased back to Suning Commerce Group.[4]

In 2010 Hyatt signed an agreement with Suning Real Estate, for management of three hotels: Park Hyatt Nanjing (in Suning Plaza, Nanjing, originally Grand Hyatt Nanjing), Hyatt Regency Wuxi (in Suning Plaza, Wuxi ) and Hyatt Regency Xuzhou (in Suning Plaza, Xuzhou).[5] In 2011, Hyatt Regency Zhenjiang in Suning Plaza, Zhenjiang was added.[6] It was announced that Grand Hyatt Nanjing would be opened in Suning Ruicheng (Chinese: 苏宁睿城).[7]

Suning Real Estate also signed an agreement with French hotel group Sofitel for several hotels, such as Sofitel Nanjing Galaxy Suning, Sofitel Nanjing Zhongshan Golf Suning and Sofitel Lianyungang Suning.

References

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