R&F Properties has sold its 50 percent stake in the Thames City scheme at Nine Elms in London to its joint venture partner CC Land Holdings for approximately $340 million.
The property, now known as Thames City, is located south of Nine Elms Lane, London (former New Covent Garden Market), with a total site area of approximately 449,000 square feet and a total saleable floor area of approximately 1.7 million square feet. The property is mixed-use development comprising 12 residential buildings, a park and other facilities such as clubhouse, landscaped gardens, restaurants, retail outlets and commercial spaces. Phase 1 of the property, which comprises three residential towers, was launched for pre-sale in 2020 and the construction is in progress.
