Chinese conglomerate Dalian Wanda’s hotel division is selling its property project in London, according to a stock exchange filing in Hong Kong late on Tuesday.
Wanda Hotel Development said it would sell a 60 per cent stake in Wanda International Real Estate Investment, which was set up to invest in the Nine Elms Square property project, a deal worth £470 million (US$646.76 million), in southwest London.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
