Real Estate

Guangzhou R&F sells London’s Vauxhall Square at 42 per cent discount to valuation, posting an ‘unheard of’ loss in desperate move to pare debt

The desperate sale underscores how China’s biggest debtors are stripping assets to reduce their gearing, as 2022 promises to be another record year for defaults, particularly for the highly leveraged developers.


Business Asia
the authorBusiness Asia

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