Greenland invests in two London properties
Chinese State-owned developer Greenland Holding Group is investing $1.97 billion in two development projects in London.
The Shanghai-based group signed a contract in London to purchase the Ram Brewery development site in the Wandsworth area of London. The transaction is Greenland’s first acquisition in the UK.
The 7.75-acre (3.1 hectare) Ram Brewery development is being sold with outline planning permission for 661 new homes, including a 36-story landmark tower providing 166 apartments and commercial space for shops, cafes, bars and restaurants.
Besides that development, Greenland will invest in a highend residential housing project at London’s Canary Wharf. Details on that project will be announced at the end of the month, the company said. (Photo 4)