{"id":1004086473,"date":"2013-11-08T07:29:37","date_gmt":"2013-11-08T15:29:37","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004086473"},"modified":"2022-12-06T12:49:03","modified_gmt":"2022-12-06T20:49:03","slug":"oxley-buys-40-acre-m-u-site-in-london","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/oxley-buys-40-acre-m-u-site-in-london\/","title":{"rendered":"Oxley Buys 40-Acre M-U Site in London"},"content":{"rendered":"<p><i>By Gabriel Circiog, Associate Editor<\/i><\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/11\/Royal-Wharf.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004086475\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/oxley-buys-40-acre-m-u-site-in-london\/royal-wharf\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/11\/Royal-Wharf.jpg\" data-orig-size=\"300,169\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Royal Wharf\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/11\/Royal-Wharf.jpg?w=300\" class=\"alignleft size-full wp-image-1004086475\" alt=\"Royal Wharf\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/11\/Royal-Wharf.jpg\" width=\"300\" height=\"169\" \/><\/a><\/p>\n<p>Singapore-listed property developer Oxley Holdings Ltd. has acquired Royal Wharf, the largest mixed-use site in London since Battersea Power Station. Knight Frank LLP, acting for Ballymore Group, identified Oxley as a key buyer.<\/p>\n<p>\u201cInterest for this opportunity was very strong from both the U.K. and overseas,\u201d said Charlie Hart of Knight Frank. \u201cOxley have arrived with a \u2018bang\u2019 and will no doubt offer a very exciting contribution to the London market.\u00a0 They have very similar values to Ballymore, which has great implications to our market.\u201d<\/p>\n<p>Oxley Holdings Limited plans create a whole new district and develop the entire 40 acres into approximately 3,400 residential units and various commercial, retail, leisure and educational facilities. It is estimated that about 10,000 people will live in the Royal Wharf area upon completion of the project.<\/p>\n<p>\u201cRoyal Wharf is an outstanding opportunity and offers a blank canvas to create something very special for London.\u00a0 It has over 500 meters of river frontage with a Crossrail station 1km away,\u201d said Oxley Chief Executive, Ching Chiat Kwong. \u201cOxley now has the opportunity and responsibility to deliver this fantastic project, picking up the baton from Ballymore.\u00a0 Oxley will create a vibrant district and the opportunity cannot be missed by Londoners.\u201d<\/p>\n<p>The Royal Wharf site already has planning consent in place for a 363,000-square-meter (3.9 million-square-foot) development, with 3,385 homes, a new school, shops, offices and riverside restaurants.<\/p>\n<p>The Mayor of London, Boris Johnson revealed that he presented the Royal Wharf development opportunity to potential investors, including Oxley, during his trade mission to China in October 2013. In a statement he said: \u201cMy team and I met with Oxley Holdings on our trade mission to China last month and I am thrilled at this demonstration of their confidence in our great city. This type of deal is exactly why I spent six days meeting businessmen and officials in China banging the drum for the capital.\u201d<\/p>\n<p>According to London &amp; Partners, the Mayor\u2019s official promotional organization for London, the Royal Wharf deal is the latest major investment by an Asian developer into regeneration opportunities in London. China-based ABP announced earlier in 2013 a \u00a31 billion ($1.6 billion) plan to transform London\u2019s Royal Docks into a business park. Dalian Whanda, also from China, announced it will invest \u00a3700 million ($1.1 billion) into a new luxury hotel at Nine Elms.<\/p>\n<p>\u201cThis is another vote of confidence in the regeneration of London, indicating the enormous development opportunities that are available along the River Thames and in East London as part of our Olympic legacy,\u201d said David Slater, director of international business development at London &amp; Partners. \u201cIt also shows how international investors are accelerating redevelopment projects across London \u2013 delivering affordable housing, jobs and economic growth for the city\u2019s increasing population.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Singapore-listed property developer Oxley Holdings Ltd. has acquired Royal Wharf, the largest mixed-use site in London since Battersea Power Station. <\/p>\n","protected":false},"author":264,"featured_media":1004086475,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16,21783,21752,21742],"tags":[],"class_list":["post-1004086473","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international","category-investment","category-mixed-use","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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