28 January 2015 – Expansión
Representatives of the business group Wanda, owned by the Chinese magnate Wang Jianlin, met with the President of the Community of Madrid, Ignacio González, first thing on Tuesday, to discuss the project to build a housing, hotel and leisure complex in the Campamento neighbourhood of the capital.
The Wanda delegation was led by its CEO, Zhu Huan.
Wang Jianlin, owner of the Wanda Group, recently announced his willingness to invest €3,000 million in a large housing and leisure complex in the Campamento area of Madrid, in the south-west of the capital, on land belonging to the Ministry of Defence.
A few months ago, the Chinese magnate bought the Edificio España, in Plaza de España, with a view to building housing, shops and a luxury hotel there; and a few days ago, he completed the purchase of 20% of the football club Atlético de Madrid for €45 million following a capital increase by the club.
Original story: Expansión
Translation: Carmel Drake