R&F, CC Land scoop London site as Wanda retreats

Two Hong Kong-listed Chinese developers take on $606 million deal originally struck by Wanda – before Wang Jianlin's empire hit turbulence.

China's RF Properties and CC Land have snapped up a prime site in central London, and RF spokesman confirmed to FinanceAsia on Thursday night  hours after Wang Jianlin’s Dalian Wanda said it was calling off the purchase.

Wanda’s International Real Estate Centre confirmed it did not complete the purchase of the Nine Elms Square site, but did not explain why it had pulled the acquisition. That came after the vendor, St Modwen Properties, confirmed in a statement on Monday that the 470 million $606 million sale of the site had gone through without naming the buyer.


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