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CityDev buys south London site for £58m

It plans to turn the land into a luxury residential project with a £222m gross development value

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Published Thu, Feb 2, 2017 · 09:50 PM

    Singapore

    A UNIT of property developer City Developments Limited (CDL) has signed an agreement to buy a freehold site in south London for £58 million or about S$103.2 million, the group said in a press statement on Thursday.

    It said its wholly owned subsidiary Trentworth Properties is buying the 0.65 hectare Ransomes Wharf site, in Battersea, from Curatus Trust, and plans to turn the land into a luxury residential project with an estimated gross development value of £222 million.

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