Wanda to Unveil Investment in France’s EuropaCity

PARIS — Wang Jianlin’s Dalian Wanda Group is set to announce a multibillion-dollar investment in EuropaCity, a 3.1 billion Euros ($3.4 billion) retail and leisure project to be built on the outskirts of Paris by 2024.

Wang is expected to unveil the deal Friday, according to a source at EuropaCity. Sources close to Wanda who asked for anonymity because they are not authorized to speak on the subject, also confirmed the company’s role in EuropaCity.

The site will spread over 80 acres and will include hotels, restaurants, shopping centers and cultural sites as well as parks. It could even include a snow park. Construction will begin in 2019 for an expected delivery in 2024. It is being built in Gonesse, a town 16 kilometers northeast of Paris, between Le Bourget and Charles de Gaulle airports. A subway station is being built so that tourists will be able to access the site directly via metro from within Paris.

EuropaCity is expected to attract 31 million visits every year and generate 11,800 new jobs in the area, which has a high rate of unemployment.

Wanda’s investment in EuropaCity underscores the Chinese powerhouse’s aim of expanding its footprint internationally. Last month, Wanda Pictures agreed to pay up to $3.5 billion for Legendary Entertainment, the outfit behind such films as “The Dark Knight Rises” and “Pacific Rim.”

More Film

  • Durban FilmMart Celebrates Women as Industry

    Durban FilmMart Celebrates Women as Industry Still Struggles With Transformation

    PARIS — Wang Jianlin’s Dalian Wanda Group is set to announce a multibillion-dollar investment in EuropaCity, a 3.1 billion Euros ($3.4 billion) retail and leisure project to be built on the outskirts of Paris by 2024. Wang is expected to unveil the deal Friday, according to a source at EuropaCity. Sources close to Wanda who asked […]

  • MayFair, directed by Sara Blecher

    Sara Blecher’s ‘Mayfair’ Brings Feminine Gaze to Gangster Tale

    PARIS — Wang Jianlin’s Dalian Wanda Group is set to announce a multibillion-dollar investment in EuropaCity, a 3.1 billion Euros ($3.4 billion) retail and leisure project to be built on the outskirts of Paris by 2024. Wang is expected to unveil the deal Friday, according to a source at EuropaCity. Sources close to Wanda who asked […]

  • Todd Brown, XYZ Films

    African Finance Under Spotlight at Durban FilmMart  

    PARIS — Wang Jianlin’s Dalian Wanda Group is set to announce a multibillion-dollar investment in EuropaCity, a 3.1 billion Euros ($3.4 billion) retail and leisure project to be built on the outskirts of Paris by 2024. Wang is expected to unveil the deal Friday, according to a source at EuropaCity. Sources close to Wanda who asked […]

  • Ryan Reynolds'Deadpool' panel, Comic-Con International, San

    Ryan Reynolds Wants to Explore Deadpool's Bisexuality in Future Films

    PARIS — Wang Jianlin’s Dalian Wanda Group is set to announce a multibillion-dollar investment in EuropaCity, a 3.1 billion Euros ($3.4 billion) retail and leisure project to be built on the outskirts of Paris by 2024. Wang is expected to unveil the deal Friday, according to a source at EuropaCity. Sources close to Wanda who asked […]

  • Mandatory Credit: Photo by Invision/AP/REX/Shutterstock (9243328q)From

    Jonathan Gold, Pulitzer Prize-Winning Restaurant Critic, Dies at 57

    PARIS — Wang Jianlin’s Dalian Wanda Group is set to announce a multibillion-dollar investment in EuropaCity, a 3.1 billion Euros ($3.4 billion) retail and leisure project to be built on the outskirts of Paris by 2024. Wang is expected to unveil the deal Friday, according to a source at EuropaCity. Sources close to Wanda who asked […]

  • Johnny Depp Amber Heard

    Johnny Depp, Amber Heard Appear Moments Apart at WB's Comic-Con Panel

    PARIS — Wang Jianlin’s Dalian Wanda Group is set to announce a multibillion-dollar investment in EuropaCity, a 3.1 billion Euros ($3.4 billion) retail and leisure project to be built on the outskirts of Paris by 2024. Wang is expected to unveil the deal Friday, according to a source at EuropaCity. Sources close to Wanda who asked […]

More From Our Brands

Access exclusive content