{"id":125232,"date":"2022-03-15T14:46:26","date_gmt":"2022-03-15T07:46:26","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/guangzhou-rf-sells-londons-vauxhall-square-at-42-per-cent-discount-to-valuation-posting-an-unheard-of-loss-in-desperate-move-to-pare-debt\/"},"modified":"2022-03-15T15:22:26","modified_gmt":"2022-03-15T08:22:26","slug":"guangzhou-rf-sells-londons-vauxhall-square-at-42-per-cent-discount-to-valuation-posting-an-unheard-of-loss-in-desperate-move-to-pare-debt","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/guangzhou-rf-sells-londons-vauxhall-square-at-42-per-cent-discount-to-valuation-posting-an-unheard-of-loss-in-desperate-move-to-pare-debt\/","title":{"rendered":"Guangzhou R&F sells London\u2019s Vauxhall Square at 42 per cent discount to valuation, posting an \u2018unheard of\u2019 loss in desperate move to pare debt"},"content":{"rendered":"


\nGuangzhou R&F Properties has agreed to sell a plot of mixed-use land in London at a loss to Far East Consortium International, in a move that underscores its haste to raise cash to pare its debts.The Vauxhall Square parcel in Vauxhall has been sold for \u00a395.7 million (US$124.8 million), at a discount of about 42 per cent to market valuation, R&F said in a statement to the Hong Kong stock exchange. The parcel, which can yield 133,000 square metres (1.43 million square feet) of gross floor space,\u2026
\n
\nSource : South China Morning Post
\nRead more…Guangzhou R&F sells London\u2019s Vauxhall Square at 42 per cent discount to valuation, posting an \u2018unheard of\u2019 loss in desperate move to pare debt<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Guangzhou R&F Properties has agreed to sell a plot of mixed-use land in London at...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-125232","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-wzS","jetpack-related-posts":[{"id":119652,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rf-pledges-stakes-with-us10-billion-in-assets-under-guangzhou-authoritys-ward-to-avoid-falling-foul-of-three-red-lines-on-debt\/","url_meta":{"origin":125232,"position":0},"title":"R&F pledges stakes with US$10 billion in assets under Guangzhou authority\u2019s ward to avoid falling foul of \u2018three red lines\u2019 on debt","date":"January 4, 2021","format":false,"excerpt":"\r Shares of Guangzhou R&F Properties tumbled by more than 3 per cent after a report that the developer had pledged its stakes in three companies with US$10 billion in combined assets to a unit under the Guangzhou city authorities to meet government limits on debt exposure.The pledges to Guangzhou\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7554,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/guangzhou-rf-properties-net-profit-up-8-per-cent-on-boost-to-sales\/","url_meta":{"origin":125232,"position":1},"title":"Guangzhou R&F Properties net profit up 8 per cent on boost to sales","date":"March 11, 2016","format":false,"excerpt":"\r Guangzhou R&F Properties\u2019 net profit rose 8 per cent to 5.66 billion yuan (HK$6.77 billion) last year, it said on Friday, helped by the sale of more flats at higher average prices.\r \r Source : South China Morning Post\r Read more...Guangzhou R&F Properties net profit up 8 per cent\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":76998,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-guangzhou-rampf-emerges-as-buyer-of-dalian-wandas-london-hotel-and-residential-project\/","url_meta":{"origin":125232,"position":2},"title":"China\u2019s Guangzhou R&amp;F emerges as buyer of Dalian Wanda\u2019s London hotel and residential project","date":"January 17, 2018","format":false,"excerpt":"\r Chinese developer Guangzhou R&F Properties was the buyer of conglomerate Dalian Wanda Group\u2019s 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119810,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rf-properties-sells-majority-stake-in-bay-area-logistics-park-for-us1-1-billion-as-chinas-indebted-developers-look-to-offload-assets\/","url_meta":{"origin":125232,"position":3},"title":"R&F Properties sells majority stake in bay area logistics park for US$1.1 billion as China\u2019s indebted developers look to offload assets","date":"January 20, 2021","format":false,"excerpt":"\r R&F Properties has raised US$1.1 billion by selling a majority stake in its huge urban logistics park in the Greater Bay Area in a sign that heavily indebted mainland Chinese developers are gearing up to offload assets.The sale of a 70 per cent stake in Guangzhou International Airport R&F\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":127058,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-property-crisis-debt-laden-guangzhou-rf-properties-seeks-extension-on-10-offshore-bonds-worth-us5-16-billion\/","url_meta":{"origin":125232,"position":4},"title":"China\u2019s property crisis: Debt-laden Guangzhou R&F Properties seeks extension on 10 offshore bonds worth US$5.16 billion","date":"June 17, 2022","format":false,"excerpt":"\r Guangzhou R&F Properties is seeking investors\u2019 consent to extend the maturity dates of 10 of its offshore bonds worth US$5.16 billion due between now and 2024, to avoid defaults.\r \r Source : South China Morning Post\r Read more...China\u2019s property crisis: Debt-laden Guangzhou R&F Properties seeks extension on 10 offshore\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":133470,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/goldins-guangzhou-towers-fail-to-sell-at-auction-for-the-second-time-this-month-even-with-a-36-per-cent-discount\/","url_meta":{"origin":125232,"position":5},"title":"Goldin\u2019s Guangzhou towers fail to sell at auction for the second time this month, even with a 36 per cent discount","date":"December 28, 2022","format":false,"excerpt":"\r The flop was the second setback this month for Goldin, which first put the Matsunichi Communications headquarters site on the auction block on December 8 at the starting price of 2.05 billion yuan.\r \r Source : South China Morning Post\r Read more...Goldin\u2019s Guangzhou towers fail to sell at auction\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/125232"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=125232"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/125232\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=125232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=125232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=125232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}