Developer agrees £470m deal for major London residential scheme
West Midlands developer St Modwen has completed the sale of its interest in a major London residential development for £470m.
It is in a joint venture with Vinci for Nine Elms Square, the 10-acre site is part of New Covent Garden Market, and has now exchanged contracts with Hong Kong-based Wanda Commercial Properties.
The site has planning permission for 1,800 homes in a cluster of towers that reach as high as 54 storeys.
The wider 57-acre redevelopment of the area brings together different developers who plan to build up to... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
