Developers buy London site

Updated 2017-08-24 10:03:28 Global Times

Two Hong Kong-listed Chinese property developers agreed to buy a 470 million pound (6 million) site in London that Dalian Wanda Group Co had expressed an intention in June to purchase yet later scrapped, Bloomberg reported Wednesday.

Guangzhou-based R&F Properties Co and Hong Kong-based CC Land Holdings will be the final buyers for the Nine Elms Square land, said Michael Lee, corporate finance director of R&F. He said that the company already owns a site near the new land, making it an appropriate investment, the report said.

CC Land purchased a London property, Leadenhall Building, for 1.14 billion pounds in May.

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