Property News · April 4, 2018

China’s Country Garden makes first foray into London with £400 million residential project


China’s largest developer by sales, Country Garden, has bought a plot of land in London, its second major overseas foray after Beijing’s crackdown on capital flight sent sales at its Malaysian mega project tumbling.
The builder bought the residential site in Poplar, East London, for about £80 million (US$113 million) and plans to turn it into a £400 million development of 785 homes, a Country Garden executive told the Post on Wednesday.
It partnered with a Hong Kong fund…

Source : South China Morning Post
Read more…China’s Country Garden makes first foray into London with £400 million residential project

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