Chinese Developer to Fund Creation of London's Third Financial District

A $1.5 billion deal between London Mayor Boris Johnson and a private Chinese Developer will fund the creation of an international business district at the city's Royal Albert Docks. Terry Farrell & Partners will complete the project's master plan.

"In the early 1900’s the Royal Albert Docks, located to the east of the city of London, served as London’s most prominent source of international trade and commerce," writes Vincenza Di Maggio. "Now the 130-year-old docks, which over the years have been closed to commercial traffic and only used for watersports, will be transformed into London’s third booming financial district. Terry Farrell & Partners have been commissioned to carry out the complex master plan of the 35-acre site."

"The mixed-use development, which is scheduled for completion by the year 2022, will house over 3.2 million square feet of office, retail, and leisure space and will become the largest financial development in the UK, creating over 20,000 full time jobs, and contributing almost $9 billion to the British economy."

Full Story: TERRY FARRELL & PARTNERS COMISSIONED FOR MASTER PLAN OF LONDON’S ROYAL ALBERT DOCKS

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