Property News · January 17, 2018

Chinese conglomerate Dalian Wanda’s hotel division to sell London property project


Chinese conglomerate Dalian Wanda’s hotel division is selling its property project in London, according to a stock exchange filing in Hong Kong late on Tuesday.
Wanda Hotel Development said it would sell a 60 per cent stake in Wanda International Real Estate Investment, which was set up to invest in the Nine Elms Square property project, a deal worth £470 million (US$646.76 million), in southwest London.
The remaining 40 per cent stake, held by Wanda HK, which also owns Wanda Hotel…

Source : South China Morning Post
Read more…Chinese conglomerate Dalian Wanda’s hotel division to sell London property project

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