Cheesegrater Owner, R&F Replace Wanda in London Land Deal
- R&F confirms purchase details in interview in Hong Kong
- Revamp of deal marks second time smaller developer stepped in
This article is for subscribers only.
Two Hong Kong-listed developers, including the owner of London’s Cheesegrater tower, agreed to buy a 470 million-pound ($606 million) land plot in London that Dalian Wanda Group Co. relinquished after coming under Chinese government scrutiny.
Guangzhou R&F Properties Co. and C C Land Holdings Ltd. will buy the 10-acre Nine Elms Square land, Michael Lee, R&F’s corporate finance director, said in an interview in Hong Kong Tuesday.