China’s Dalian Wanda is paying £470m to acquire the Nine Elms Square development site from a St. Modwen and VINCI joint venture.
Dalian Wanda already owns the One Nine Elms site in the same area.
The purchase comes despite slowing demand for luxury properties.
Company failed to meet requirements of Takeover Code in discussing cost-cuts and the CMA with investment analyst
A look ahead to what is happening in the world of commercial real estate this week
The Grade A DWP Hub at Treforest Business Park is being offered for sale by L&G
The mixed-use scheme is expected to support 2,500 jobs once complete
