Wanda billionaire extends sell-off with London luxury project

London

CHINESE billionaire Wang Jianlin has agreed to sell one of the largest luxury residential projects under development in London as his Dalian Wanda Group continues to shed assets acquired in a spree that once made him the richest man in his country.

Two of the company's units sold their interests in the One Nine Elms project on the south bank of London's River Thames for about £59 million (S$108 million), according to a filing late Tuesday in Hong Kong.