People sit in the sunshine beside the River Thames in London on July 3, 2020. Photo: AFP
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 Vauxhall Square parcel in Vauxhall has been sold for £95.7 million (US$124.8 million), at a discount of about 42 per cent to market valuation, R&F said
- R&F will incur a £68.8-million loss from its Vauxhall Square disposal, the company said.
People sit in the sunshine beside the River Thames in London on July 3, 2020. Photo: AFP
