UK, China venture to build Manchester business hub
London
BEIJING Construction Engineering Group Co formed a venture with Manchester Airports Group and other partners to build an international business district in the UK's second-biggest city.
The buildings on the 61-hectare site in the north of England will be worth about £800 million (S$1.59 billion) when they're completed and fully leased, the partners said in a statement on Sunday. Carillion plc and the Greater Manchester Pension Fund are also part of the project, known as Airport City. It will create as many as 16,000 jobs and the development will be managed by Argent LLP, the group said.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Blackstone in talks to buy Dulwich schools in Singapore, Seoul for US$600 million
Strained Chinese cities struggle to pay home-buying subsidies
Distressed builder Taeyoung wins debt restructuring vote
China Evergrande to delay 2023 annual results; shares remain suspended
Dubai ruler’s firm refinances US$8.2 billion to tap property boom
US home prices jump by most in nearly two years in February