RANSOMES WHARF SITE IN BATTERSEA, SOUTH WEST LONDON
CDL plans to develop the site into a luxury residential project with an estimated gross development value of £222 million (approximately S$395.2 million). The site is located within the London Borough of Wandsworth, on the south bank of the River Thames and adjacent to Albert Bridge.
The 0.65 hectare (1.6 acres) Ransomes Wharf site is being bought for £58 million (approximately S$103.2 million), phased over the next 18 months. It is situated just to the west of Albert Bridge in Battersea's creative quarter on the River Thames, with occupiers including Foster + Partners Architects, Royal College of Art and Vivienne Westwood. It is also a minute's walk to Battersea Park, which is one of London's best kept riverside open spaces.
Chelsea and King's Road are just five minutes on foot across either Battersea or Albert Bridge; the Royal Borough of Kensington and Chelsea playing host to some of London's most fashionable restaurants and bars, and prime residential property.
Mr Kwek Leng Beng, CDL Executive Chairman, said, "The UK is one of CDL's key overseas markets for strategic diversification. Through our partnership with Dartmouth Capital, we have purchased this site as part of our continuing focus on the suburban London market in search for the best value in creating highly desirable living and working environments in London."
MEIDAO BUSINESS PLAZA IN SHANGHAI
Meidao Business Plaza is strategically located in Huacao, Minhang District, within the Hongqiao CBD. It is situated next to the Shanghai Hongqiao International Medical Center and is surrounded by many international schools, upcoming R&D centres and business parks. Enjoying excellent connectivity, Meidao Business Plaza is around 10 minutes' drive to the Hongqiao Transportation Hub, which includes Hongqiao International Airport and a network of railways, and 15 minutes' drive to the Shanghai National Exhibition and Convention Center.
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