Oxley Holdings has announced that it will be working with UK-based Ballymore Group to develop the Royal Wharf in East London, purchased late last year by the Singapore-listed developer.
Ching Chiat Kwong, Chairman and CEO of Oxley said, “Our partnership has allowed us to make significant progress since the completion of our purchase over Christmas. We believe that the Royal Wharf will be one of the fastest moving projects in London.”
Ballymore is one of London’s largest residential developers, having sold homes in the city for over 20 years.
Ballymore Chairman and Group Chief Executive, Sean Mulryan, noted, “Given our complementary strengths I believe that this is the start of a long-term relationship for Ballymore. We are delighted to remain involved in Royal Wharf in what is one of the most intriguing regeneration areas in London.”
Royal Wharf is at the heart of efforts to revive London’s Royal Docks near the River Thames. Stretching to nearly 40 acres, the development will comprise about 3,400 homes, a new school, retail high street along with space for offices, restaurants, cafés and bars.
The 999-year leasehold development will be launched exclusively in London and the UK on 20 March and in Singapore shortly after.
Image: Artist’s impression of Royal Wharf in London. (Source: Knight Frank)
Muneerah Bee, Senior Journalist at PropertyGuru, wrote this story. To contact her about this or other stories email muneerah@propertyguru.com.sg
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