Birmingham developer completes £470m London property deal
Developer St. Modwen has completed the sale of its interest in a major London residential development.
The 10-acre Nine Elms Square site in London is a 50/50 joint venture with Vinci.
The Longbridge company revealed in June it had had concluded terms for the site with Hong Kong-based Wanda Commercial Properties in a deal worth £470m.
Wanda subsequently transferred its ownership of the Nine Elms Square project to an unnamed third party.
The site has planning permission for 1,800 homes in a cluster of towers that reach as h... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
