Royal Wharf regeneration

8th November 2013

The rejuvenation of the east London docks continues apace, with Singapore-listed property group Oxley Holding’s purchase of the waterfront Royal Wharf site from Ballymore Group for £200m.

The developer is looking to build over 4,000 homes on the 40-acre site, along with a mix of retail and commercial opportunities, and other amenities such as schools. Ballymore has already gained planning permission for the largest mixed-use deal since Battersea Power Station, with work expected to begin there shortly. Oxley chief executive Ching Chiat Kwong said “Royal Wharf offers a blank canvas to create something very special for London”. Mayor Boris Johnson described the deal as “exactly why I spent six days meeting businessmen and officials in China banging the drum for the capital”, adding that "it is further evidence of the appetite of developers from the far East to invest in London."

Source: The Wharf