The purchase of a site at Nine Elms Square, in the heart of London by the Chinese promoter Wanda is the first step towards an ambitious real estate project.
A few years ago, the most important Chinese promoter bought a neighboring site at One Nine Elms. the plan was for a similar project combining offices and a residential complex; a lack of entrepreneurs to carry out construction led to delays in the project that has not advanced to this day.
This new acquisition, realized in the form of a joint venture with promoters previously responsible for developing the site, should help Wanda realize its ambitions for London. It should be observed that no later than last week the group was under examination by the China Banking Regulatory Commission, causing its shares to lose significant value.
- The Chinese Dalian Wanda Group invests in Madrid
- The Chinese Dalian Wanda Group arrives in Europe
Already signed up? Already signed up? Already signed up? Already registered? Login!