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12th Serptember 2014
group of Singaporean investors are in talks to buy a £1bn luxury flats development near the Tate Modern gallery on London's South Bank.
The Asian consortium fronted by the British developer Native Land has been selected as preferred bidder for the Bankside scheme, which is being sold by the private equity firm Carlyle. The project involves the demolition of Ludgate House, the former Express newspapers HQ, and Sampson House, a data centre, and the construction of nine residential blocks including a 48-storey skyscraper. The Bankside scheme comprises some 490 homes, offices, shops and cultural space. Carlyle appointed Knight Frank to find a buyer earlier this year.