Posts tagged ‘Royal Albert Dock’

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.

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/

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