CDL to buy London freehold site for £58m (Amended)
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
PROPERTY developer City Developments Limited has exchanged contracts to buy the freehold Ransomes Wharf site in Battersea, London, from Curatus Trust, it said in a press release on Thursday afternoon.
It will buy the 0.65 hectare Ransomes Wharf site for £58 million (S$103.7 million), phased over the next 18 months.
It plans to develop the site into a luxury residential project with an estimated gross development value of £222 million.
Amendment note: An earlier headline incorrectly stated that the purchase was £59m. It is £58m. The headline been revised to reflect this.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
