Carlyle Group's Massive London Residential Project OK'd

Law360, New York (October 9, 2013, 6:33 PM EDT) -- Global private equity giant The Carlyle Group has received local council approval for a 1.4-million-square-foot development on the River Thames in London, the firm announced Wednesday.

The Southwark Council's Strategic Planning Committee approved Carlyle's planning application to replace a two-building data center with a massive residential and office project, effectively creating a new neighborhood on the river.

“Our vision of an exciting new urban quarter on this prime Thames-side location has taken a significant step toward realization with the council's decision to provide planning consent for...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.