Work has stalled on R&F’s £900m One Nine Elms site in south London amid a late payments row with contractors.
Multiplex, the main contractor on the site, is thought to be chasing R&F for payments dating back several months.
Construction News reported that workers began walking out on Monday, and that all subcontractors will be off-site by the end of this week.
A spokesperson for R&F said work at the site was “continuing” but that it was holding talks with Multiplex “to ensure a successful completion of the development”. EG understands the discussions are taking place this week.
Multiplex declined to comment.
R&F bought the site in 2017 from Chinese firm Wanda, which was struggling with financial difficulties. However, R&F’s Hong Kong subsidiary was put in “selective default” last month after it said it had agreed to delay a debt repayment worth £539m with its lenders.
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