2024-02-12 — yahoo.com
''Just this week, distressed developer Guangzhou R&F Properties Co. agreed to sell its stake in a £1.34 billion ($1.69 billion) property project in London's Nine Elms district in return for some of its dollar bonds and 10 pence, while an office block in Canary Wharf is selling for 60% less than it sold for in 2017 after it was seized by lenders from a Chinese investor. The sales are part of a rebound in disposals after some developers paused for breath last year while working on restructuring plans.''
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