Nov
17
Chinese Pile Into Bargain London Property on Post-Brexit Pound
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Record-breaking year for investment not slowed by EU vote
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Chinese banks back new financial district near City Airport
With Britain trying to hammer out the terms of its exit from the European Union and banks considering their options on the continent, is this the best time to start building a new financial district in London?
China thinks so.
Four of the country’s biggest banks this month agreed to finance the first stage
of a 1.7 billion-pound ($2.12 billion) transformation of an old East End dock into a hub for Asian businesses. To the west of the site near London City Airport, the towers of Canary Wharf stand as a reminder of how ambitious projects in the U.K. capital can remain white elephants for years before turning into cash cows…
Chinese Pile Into Bargain London Property on Post-Brexit Pound
