Nightmare on Nine Elms street as investors flee massive South London development of 55-storey residential towers. Property experts doubt the #VNEB development will ever be finished, despite the opening of new tube stations. via @BenGartside
telegraph.co.uk/business/2021/…
telegraph.co.uk/business/2021/…
The success of the site, located in Vauxhall, Nine Elms and Battersea, largely hinges on Guangzhou R&F, a Chinese developer that's coming under mounting pressure because of its $52 billion debt pile, which @MoodysInvSvc downgraded earlier this month. telegraph.co.uk/business/2021/…
There are also worries that the Nine Elms development is too focused on glitz and spectacle rather than the realities of building a new London hub. “The regeneration is one hell of a leap of faith,” said a local property adviser. Good story by @BenGartside telegraph.co.uk/business/2021/…
“Customers began to suspect they’d bought into an illusion, rushing to sell speculative investments back to the developers, leading to a phenomenon known as ‘Nine Elms disease’, as up to £2 million was knocked off some penthouse flats.” via @ObserverUK theguardian.com/artanddesign/2… 
and, of course, the infamous Embassy Gardens Sky Pool is part of the #NineElms development. “It’s become the visual cipher for everything that’s wrong with London’s property boom,” says @edwinheathcote
https://twitter.com/Ian_Fraser/status/1399795005225672706
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