The origins of Kardan go back to the beginning of the 1990s when the Company started, focusing its activities on emerging markets in the belief and expectation that these markets would show superior economic growth compared to developed markets. The growing middle class of these countries would consequently lead to an increasing demand for housing, offices, shopping centers, access to (clean) water and financial services, among other things.
After divesting its real estate and financial services activities in Central-Eastern Europe in 2013 and 2016, respectively, Kardan is now active in real estate in China through Kardan Land China, focusing on developing and managing mixed-use projects. Europark Dalian is the most prominent project, offering consumers and individuals a comprehensive lifestyle concept: a complete shopping and leisure area combined with luxury and business apartments situated in a green setting connected to the city’s subway line.
The water infrastructure activities of Kardan predominantly take place in emerging markets worldwide through its subsidiary Tahal Group International. Tahal offers high quality integrated customized and sustainable solutions for one of the most critical challenges the world faces today: providing water and food (through agriculture) to people in developing and emerging countries. In 2017 Kardan announced its intention to divest Tahal.