Green­land in­vests in two Lon­don prop­er­ties

China Daily (Canada) - - NEWS CAPSULE -

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)

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