Chinese developer Greenland Group has purchased the sites of two proposed two high-rise developments in London for £1.2 billion. This is the first acquisition in Europe by Greenland Group, which is one of the largest developers in the world.
Greenland Group, the Chinese state-owned developer who recently made a splash by entering a joint venture partnership with Forest City Enterprises in New York on the Atlantic yards site, has purchased the 7.75 acre Ram Brewery site in London’s Wandsworth town centre and another site in Canary Wharf for £1.2 billion from developer Minerva.
Iain Withers reports the Greenland’s Groups plans for the Ram Brewery site: “The Wandsworth site has outline planning permission for a 36-storey tower incorporating 166 flats and 9,500 sqm of commercial space for new shops, cafes, bars and restaurants, alongside 661 new homes and restoring some of the historic brewery buildings.”
The plans for the Canary Wharf will become London’s tallest luxury residential building, totaling 98,000 square meters of development.
Zhang Yuliang, chairman and president of Greenland Group, cited London’s role as global financial center, as well as an open and mature city, as the reasoning behind the decision to enter Europe through London.
FULL STORY: Chinese developer buys two London tower developments
New Transit Systems of 2010
Garrett Bradford of TheCityFix reviews some of the most innovative and sustainable transit systems from around the globe that made their debut over the last twelve months.
Bikeshare for the Win: Team Pedals to London Cricket Match, Beats Rivals Stuck in Traffic
While their opponents sat in gridlock, England's national cricket team hopped Lime bikes, riding to a 3-0 victory.
Study: Large SUVs Double Risk of Death for Children Under 10
New research from the United Kingdom reveals the higher risk of larger vehicles for pedestrians and cyclists.
Maui's Vacation Rental Debate Turns Ugly
Verbal attacks, misinformation campaigns and fistfights plague a high-stakes debate to convert thousands of vacation rentals into long-term housing.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
San Francisco Suspends Traffic Calming Amidst Record Deaths
Citing “a challenging fiscal landscape,” the city will cease the program on the heels of 42 traffic deaths, including 24 pedestrians.
Florida Home Insurers Disproportionately Dropping Low-Income Households
Non-renewal rates are highest in inland counties, not the coastal areas most immediately vulnerable to storms.
Half of Post-Fire Altadena Home Sales Were to Corporations
Large investors are quietly buying up dozens of properties in Altadena, California, where a devastating wildfire destroyed more than 6,000 homes in January.
Opinion: What San Francisco’s Proposed ‘Family Zoning’ Could Really Mean
Mayor Lurie is using ‘family zoning’ to encourage denser development and upzoning — but could the concept actually foster community and more human-scale public spaces?
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Gallatin County Department of Planning & Community Development
Heyer Gruel & Associates PA
JM Goldson LLC
City of Camden Redevelopment Agency
City of Astoria
Transportation Research & Education Center (TREC) at Portland State University
Jefferson Parish Government
Camden Redevelopment Agency
City of Claremont