Chinese ambitions for London's derelict docks
Xu Weiping plans to turn Royal Albert Dock into trading hub for Chinese firms
[LONDON] Known for ambitious plans in China for business parks the size of cities, Xu Weiping has said that he cannot wait to start work on his first project abroad: turning an abandoned London shipyard into Europe's main hub for Chinese companies.
"I'm a man with a vision and the ability to turn my dream into reality," he said.
Last year, Mr Xu agreed to invest US$1.6 billion to turn London's derelict Royal Albert Dock back into a vibrant global trading hub. But instead of ships, he is betting on Chinese companies that are seeking a foothold in Europe.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Government investigating ‘misleading’ and ‘unrealistic’ S$2 million HDB resale flat listings
German commercial property prices drop 9.6% in Q1
Swedish home prices swell with buyers expecting rate cuts
Blackstone, Starwood split on commercial property market risks
No bids for Pine Grove’s mega en bloc sale at S$1.95 billion price
Rents set to be last domino to fall in global inflation battle