PAG, Dalian Wanda, and others seal deal for NCM

On Saturday, a group of investors led by private equity company PAG reported a $8.3 billion investment in a 60% stake in Chinese property company Dalian Wanda’s mall unit.

Investment Structure

Dalian Wanda, in collaboration with PAG and other prominent investors, has finalized a significant deal involving Newland Commercial Management. 

Under the agreement, Dalian Wanda will maintain a 40% stake in Newland Commercial Management, which serves as the holding company for Zhuhai Wanda Commercial Management Group Co.

Key Investors

Joining Dalian Wanda in this venture are CITIC Capital, the Abu Dhabi Investment Authority, Mubadala Investment Company, and Ares Management Corporation. This diverse group of investors reflects the strategic significance of the deal and underscores the confidence in Newland’s prospects.

Strategic Advantages of Newland

David Wong, partner and co-head of private equity at PAG, expressed optimism about Newland’s competitive edge and first-mover advantage in the market. The company’s track record and strategic positioning are expected to drive stable and growing cash flows for investors.

Scope of Operations

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Newland Commercial Management oversees a vast portfolio of 496 large shopping malls spread across China. This extensive network positions the company as a major player in the retail and commercial real estate sectors in the region.

Implementation of Investment Framework

The deal follows the signing of an investment framework between PAG and Dalian Wanda Commercial Management Group in December of the previous year. 

The completion of this agreement marks a significant step forward in restructuring Zhuhai Wanda Commercial Management, aligning with the strategic objectives outlined by both parties.