Posts tagged ‘boris johnson’

24/11/2013

Boris’s new best friend is living the Chinese dream | The Sunday Times

A black Range Rover with tinted windows pulls up at the entrance to Royal Albert Dock — a ragged stretch of land opposite City airport in east London. Xu Weiping descends from the car, flanked by three advisers, and proffers a hand.

Xu Weiping wants his development at London’s Royal Albert Dock to rival Canary Wharf

The Chinese property developer apologises in broken English for his lateness, but he does not look particularly flustered: there is a mild smile beneath the Ed Hardy sunglasses, which are emblazoned with gold dragons, and he keeps his white iPod earphones in.

Xu has spent the day hunkered down with architects from Terry Farrell and Partners, making changes to his vision for the 35-acre site.

“They are quite hard-working and they pay attention to detail,” he remarks through a translator as we drive to the nearby photoshoot. “But the difference between UK architects and their counterparts in China is that sometimes they are not bold enough.”

Xu is here to shake them up. Until this year nobody had heard of the diminutive 53-year-old, referred to reverentially by his assistants as Mr Xu — pronounced “shoo”. He was relatively unknown even in his home country, where he has built a sprawling office estate on the outskirts of Beijing.

Then, in May, Xu struck a deal with the London mayor, Boris Johnson, to spend £1bn turning the strip of east London into an Asian business zone to rival Canary Wharf. The spotlight instantly fell on him — and he seems to be enjoying it.

Apparently impervious to the icy wind whipping across Gallions Point marina, connected to the Thames, Xu poses for photographs in a light-weight Versace blazer and jeans. The colourful tie is from the Japanese fashion house Kenzo. Seeing my interest, Xu confers with one of his assistants, who nods and turns.

“There is a Kenzo shop in London where it’s always 60% off,” the young man says. “Mr Xu can actually let you know where it is — probably you do not know?”

via Boris’s new best friend is living the Chinese dream | The Sunday Times.

19/06/2013

China’s Dalian Wanda to buy UK yacht maker and hotel

BBC: “Dalian Wanda Group, a Chinese property developer, has said that it will spend £1bn ($1.6bn) to buy a British yacht maker and property in London.

Wanda will pay £320m for alm

Sunseeker Australia Manhattan 53 boat at the Sydney International Boat Showost 92% of Sunseeker International, famous for providing yachts for James Bond movies.

It will also invest £700m to develop a five-star hotel in London.

The luxury hotel in London will be the first such development to be operated by a Chinese firm overseas. The move was welcomed by the Mayor of London.

‘Soaring global confidence’

Boris Johnson said that the deal was “yet another sign of the soaring global confidence in London as a world-beating place to live, work and do business”.

Dalian Wanda Group’s Wang Jianlin: “We are going to keep jobs in Poole. We will not lay anybody off”

Wang Jianlian, chief executive and founder of Wanda added that “the London property market has excellent investment opportunities and we have confidence that Wanda’s strength and expertise will help make The Wanda London’s premier hotel, and will further promote development in the area”.

The new hotel will be built by the river in Vauxhall, South London as part of the Nine Elms regeneration.

Wanda, which was founded in 1998 and already operates 34 five-star hotels in China, said that it plans to build a chain of Wanda hotels across other foreign cities as well.

“Through the international development of Wanda Hotels, we are confident that we will be the leader in bringing branded Chinese luxury hotels to the global market, where they have long been absent,” said Mr Wang, who is one of China’s richest men”

via BBC News – China’s Dalian Wanda to buy UK yacht maker and hotel.

See also: https://chindia-alert.org/2012/02/13/pattern-of-chinese-overseas-investments/

30/05/2013

Royal Albert Dock set to become London’s third business district under £1bn deal

London 24: “London Mayor Boris Johnson has unveiled details of a £1bn deal to transform London’s historic docklands into the capital’s next business district forging links with China.

View of Royal Albert Docks

The state-of-the-art business district at Royal Albert Dock will act as a platform for financial, high-tech and knowledge driven industries, and will be largest development of its kind in the UK.

It is set to become the third financial district in the capital after the City and Canary Wharf, creating tens of thousands of jobs.

Owned by the Greater London Authority the 35-acre site will be transformed by commercial developer ABP Chinese (Holding) into a gateway for Asian and Chinese business seeking to establish headquarters in Europe, along with other businesses wanting to set up in the capital.

The deal is believed to be worth £6bn to the UK economy, generating £23m in business rates annually and acting as a catalyst for further development in the area.

Mr Johnson said: “For centuries the waterways of east London were the throbbing arteries of UK trade and commerce. This deal symbolises the revival of that great era, continuing the re-invention of this once maligned part of the capital into a 21st century centre of trade and investment.”

The deal is expected to deliver around 20,000 full-time jobs and boost local employment in Newham by 30 per cent.

Mayor of Newham, Sir Robin Wales, said: “The Royal Docks Enterprise Zone offers an unrivalled investment opportunity and this deal further strengthens Newham’s growing reputation as an ideal destination for international business.”

The deal represents one of the first direct investment by a Chinese developer in London’s property market.

Chairman of ABP, Mr Xu, said: “My vision is to develop a world class international business district which will initially target Asian businesses to help them secure a destination in London, which in China is seen as the gateway to both the United Kingdom and the wider European economy. Our plans aim to strengthen trade between east and west, provide new local jobs and deliver benefits for the wider London and UK economy.”

The area will become home to over 3.2 million square feet of high quality work, retail and leisure space, including 2.5 million square feet of prime office space along London’s waterways.”

via Royal Albert Dock set to become London’s third business district under £1bn deal – Politics – London24.

See also: https://chindia-alert.org/2012/02/13/pattern-of-chinese-overseas-investments/

14/07/2012

* Wuhan airport to build new terminal

China Daily: “A new terminal will be built in the Wuhan Tianhe International Airport before 2015 to meet increasing passenger demand in Central China’s Hubei province, local media reported on Friday.

The project will cost about 16 billion yuan ($2.5 billion), and will occupy an area of 370,000 square meters with a 3,600-meter long and 60-meter wide runway, the Chutian Metropolis Daily reported.

The new runway can guarantee the safe takeoff and landing of the Airbus A380, the report said.

The project, already approved by the National Development and Reform Commission, will start construction before October. The terminal will be built in a flying-phoenix shape, representing local culture.

A parking apron with capacity for 60 planes will also be built, the report said.

According to airport data, more than 12 million domestic and foreign passengers arrived at, or left from, the airport last year, only 1 million less than the airport’s capacity of 13 million.

The airport is expected to receive about 14 million passengers this year.”

via Wuhan airport to build new terminal |Society |chinadaily.com.cn.

The current Wuhan airport was only opened in 1995, and a new one is planned for2015 – looking to the future.

London Heathrow was built in 1929 and expanded to its modern configuration after WW2. It is limited by its two main runways. Yet, after years of debate, neither has a decision been made to build a third runway nor has an alternative solution been discussed seriously – there being so many contenders ranging from expanding Gatwick or another nearby airport or even expanding provincial airports like Manchester or Birnmingham; plus a proposed contentious new airport in the Thames Estuary favoured by London Mayor Boris Johnson. Case of looking to the past?

See also: https://chindia-alert.org/economic-factors/chinas-infrastructure/

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