Property News · January 17, 2018

China’s Guangzhou R&F emerges as buyer of Dalian Wanda’s London hotel and residential project


Chinese developer Guangzhou R&F Properties was the buyer of conglomerate Dalian Wanda Group’s hotel and residential project under construction in London, according to people familiar with the matter.
Wanda Hotel Development said in a stock exchange filing in Hong Kong late on Tuesday that it would sell a 60 per cent stake in Wanda International Real Estate Investment, which was set up to invest in the Nine Elms project in southwest London, for £35.6 million (US$49.1 million) to…

Source : South China Morning Post
Read more…China’s Guangzhou R&F emerges as buyer of Dalian Wanda’s London hotel and residential project

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