Property News · November 6, 2018

Li Ka-shing’s CK Asset swoops on UK developer CapCo’s troubled London luxury housing project


CK Asset Holdings is in preliminary talks to buy most of Capital & Counties Properties’ Earls Court project, a sign of investors’ faith in the long-term prospects of London’s luxury-housing market.
The Hong Kong company founded by billionaire Li Ka-shing wants to buy about 90 per cent of the West London site, CapCo said on Monday, confirming a Bloomberg report.
CapCo has received several proposals for the project and will evaluate them against the benefits of spinning the…

Source : South China Morning Post
Read more…Li Ka-shing’s CK Asset swoops on UK developer CapCo’s troubled London luxury housing project