China’s largest property group, Country Garden, has warned of a 70% decline in profit.
In a filing on Thursday, the developer said core profit was between about Rmb4.5bn and Rmb5bn ($634m and $736m) in the first six months of 2022, down from Rmb15.2bn a year earlier.
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Including:
Mitsubishi Estates and Co-Re appoint Savills to help lease the development’s office space
Decision deferred on former National Institute of Agricultural Botany revamp
Developer has taken 10 storeys off proposals since first filing
Colliers appointed to lease 50,000 sq ft of office space in the Salford Quays development
