Fortune Media has announced today that Greenland Group has risen another 34 places on the Fortune Global 500 list. The list orders global companies by revenue. Greenland now ranks at 142. Greenland's rise is against the tide. Fortune reported that the total revenue of the world’s biggest companies fell 4.8% this year, the first decline in half a decade. However Greenland's revenue, profit and assets are all up since last year. The combined sales of the companies on the list are equal to more than one-third of global GDP.
Founded in Shanghai in 1992, Greenland Group first entered the list after just twenty years, in 2012, when it became China's first Fortune Global 500 company with property as its main business.
This year is the group’s tenth year on the list, and sees the group rise to its highest position ever.
The group’s revenues are listed by Fortune Media at US$66.1 bn, and assets at US$214.2 bn.
Founded as a property developer, the global group quickly established a reputation for quality and innovation, and now operates in international markets with a portfolio expanded to include sectors such as infrastructure, finance, and retail.
In the UK, Greenland has continued to build its reputation as a developer of high-quality distinctive places. Ram Quarter, the mixed-use redevelopment of the former Young’s brewery in southwest London, has seen healthy demand from both homebuyers and commercial occupiers. The vibrant site is alive with hundreds of residents in their new homes. A small number of apartments are still available for sale. The development’s retail and leisure space has been a big success too, with locals and visitors from further afield all enjoying the choice of bars and restaurants at Ram Quarter - with two more set to open next month including southwest London's first bowling alley.
Visit our projects page for more information about Greenland’s developments in the UK.