Guangzhou R&F Properties continues its retreat from London’s Nine Elms regeneration area, announcing Thursday that it plans to sell its 50 percent stake in a joint project with fellow Chinese developer CC Land to the latter firm’s boss for HK$2.66… Read More>>
R&F Selling South London Project to Far East Consortium at $90M Loss
Guangzhou R&F Properties looks set to pare back its collection of assets in London’s Nine Elms regeneration area, as the cash-strapped developer has agreed to sell its Vauxhall Square mixed-use project to Hong Kong-based Far East Consortium (FEC) for £95.7… Read More>>
R&F London Project Stalls as Workers Unpaid and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, workers desert a Guangzhou R&F project in London as contractor bills go unpaid, private equity firm Apollo acquires a stake in a Dalian Wanda-owned film production company, and the power struggle between Nam… Read More>>
Wanda Flips Newly Purchased $605M London Site to R&F, CC Land
Dalian Wanda Group today said that it no longer has possession of a £470 million London housing project, with sources familiar with the newly transferred property indicating that the Chinese developer has transferred the Nine Elms Square site to a… Read More>>
Wanda Moves Forward With $605M London Deal Despite Govt Curbs
China’s clampdown on outbound investment hasn’t stopped Wanda Group from moving ahead with at least one overseas real estate project, as the Beijing-based conglomerate has completed its £470 million ($605.3 million) acquisition of Nine Elms Square in London.
Wanda has… Read More>>
Wanda Agrees to Buy London Site for $595M Despite Credit Crackdown
China’s banking regulator may have ordered a review of Dalian Wanda’s borrowing practices, and the mainland has instituted controls on cash outflows since late last year, but that hasn’t stopped China’s richest man from agreeing to spend £470 million ($595… Read More>>
Wanda Backs Away From London Project as Deal String Slows
Wang Jianlin’s Dalian Wanda has let a lock-out period expire on talks to acquire a second site in south-central London next to its One Nine Elms project, according to an account in the Estates Gazette.
The developer has been among… Read More>>
Guangzhou R&F Pays $196M to Pick Up Second London Site in Two Weeks
Chinese developer Guangzhou R&F Properties is jumping into London with both feet – one in south London’s Croydon and the other in Nine Elms just south of the Thames. In late March, R&F bought its first London site, a 2.2… Read More>>
Wanda’s $1.1B London Project Delayed Again As Second Builder Bails
When Dalian Wanda acquired the $1.1 billion One Nine Elms project from the UK’s Green Property in 2013, it was supposed to be a launchpad for Wang Jianlin’s international ambitions. Unfortunately the London luxury real estate complex has been more… Read More>>
Ping An Bails Out Wanda’s London Project with $660m Loan
A stalled $1 billion London project planned by China’s Dalian Wanda Group has received timely financing after the Chinese developer’s plans suffered recent setbacks including a plunge in local property sales and having the Anglo-Chinese joint venture selected to build… Read More>>