Crossharbour site changes hands

10th October 2014

A consortium led by Dubai-based Arzan Wealth has purchased an 11-acre site at Crossharbour on the Isle of Dogs from Ashbourne Beech. Currently home to a branch of Asda, the site has planning approval for an 850-apartment development, although a new planning application is now likely to be submitted. Arzan’s chief executive Muhannad Abulhasan said the development would be aimed at meeting a shortage of “affordable and middle-income units for the general London population”, rather than at wealthier customers and speculators.

Source:   The Wharf (07/10/14)