Date
21 November 2017

Greenland to invest US$2 bln in London projects, WSJ says

Chinese real-estate developer Greenland Holding Group is putting US$2 billion into two London projects, the Wall Street Journal reported Tuesday. Greenland on Tuesday bought the historic Ram Brewery site in southwest London, where plans have been on for years to build apartments, restaurants and shops, the report said. Greenland didn’t disclose the purchase price but said it expects to spend 600 million British pounds to buy and develop the space, it said. Separately, the Shanghai-based group was quoted as saying that it plans to invest another 600 million pounds in a residential tower in London’s Canary Wharf financial district. The deal is expected to be completed by the end of January.

– Contact HKEJ at [email protected]

RA/RC

 

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