Wanda buys key site in S.London
By Cecily Liu in London | China Daily | Updated: 2017-06-23 09:33
Chinese real estate giant Wanda closed a 470 million pound ($600 million) deal to buy a major piece of land in South London's Nine Elms area on Wednesday, the latest in a series of key Chinese investments in London property.
The 4.05 hectare plot, Nine Elms Square, has already received outline planning permission for the construction of 1,821 apartments in three high-rise buildings that will each have between 32 and 54 floors.
The consent was obtained by British company VINCI St. Modwen, which then sold the land on to Wanda.
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