4. Wanda’s London project receives domestic cash backing
Funding size: 500 million pounds (4.4 billion yuan)
Date announced: July 15
China’s conglomerate empire Dalian Wanda has secured a 500-million pounds loan from Ping An Bank for one of the most ambitious projects in London’s huge Nine Elms regeneration scheme, according to Financial Times.
The financing came as Chinese firms showed an increasing appetite for UK’s property market despite the Brexit.
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A projected exterior view of the 200-meter-high Wanda development in Nine Elms, London’s largest residential building site. [Photo provided to chinadaily.com.cn] |
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