Oxley makes inroads into London with £200m property deal
Over 3,400 homes and commercial, retail, leisure, education facilities planned
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LOCAL developer Oxley Holdings is continuing its aggressive overseas expansion drive with one of its biggest acquisitions to date: the purchase of East London's 40-acre (16.2-hectare) Royal Wharf development site for £200 million (S$397.4 million).
The company intends to build more than 3,400 homes and develop a mix of commercial, retail, leisure and educational facilities - amid a London housing shortage and cheap credit scheme from the UK government that Europe's Centre for Economics and Business Research has said could push the price of an average London home above £566,000 by 2018.
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