Chinese property developer ABP is understood to be in advanced talks with Brookfield Multiplex about building the first phase of the £1.7bn Royal Albert Dock mixed-use development in London.
The developer aims to deliver the £240m first phase of the project with a UK contracting partner working alongside Citic Construction, the contracting unit of China’s state-owned Citic Group Corporation.
According to construction information specialist Glenigan Balfour Beatty and Mace have looked at the scheme but Brookfield Multiplex is now tipped to secure the initial phase of work.
The 4.7m sq ft docklands scheme next to London’s City Airport comprises mainly offices but with residential, retail and public realm.
It is being promoted as London’s third business and financial district, after the City of London and Canary Wharf.
The first phase of the project will be completed in 2018 at the same time that London’s high-speed rail link, Crossrail, opens nearby.
This involves a £40m contract covering infrastructure and enabling works, and a £200m contract to build around 700,000 sq ft of office and retail space.
Via Construction Enquirer. View original article here.