Singapore Developer Drops $318M On London Site

Law360, New York (November 01, 2013, 6:57 PM ET) -- Singapore-based real estate developer Oxley Holdings Ltd. has agreed to purchase Royal Wharf, one of London's largest development sites, from Ballymore Group for a reported £200 million ($318 million), the company said Friday.

Oxley will develop the entire site — covering 40 acres — into about 3,400 apartment units with commercial, retail, entertainment and educational spaces, effectively creating an "entirely new district" for the east side of the city, according to property consultancy Knight Frank LLP, which advised Ballymore.

"Royal Wharf is an outstanding opportunity and...
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