Greenland Holdings Corp., Ltd. known as Greenland Group is a Chinese real estate developer. It was founded as a state-owned enterprise. As of 31 December 2016, the top 10 shareholders of the listed company owned a combined 88% shares, with some state-owned enterprises having invested in Greenland via private equity funds.
As of 2014, it owned about US$58 billion in assets.[2] By the company's own estimate, in 2014 it was the largest real estate developer in the world by floor space under construction and sales revenue.[3]
History
Greenland Holdings was created in 1992 to develop green belts around Shanghai.[4] Starting around 2013, it began to make major investments in developments outside of China.[3] As of 2014, these include Metropolis Los Angeles in