Singapore-listed developer Oxley Holdings has exchanged contracts with Ballymore Group to buy a Royal Wharf site due to be developed into more than 4,000 homes under plans by Glenn Howells Architects
According to the AJ’s sister title Construction News, Oxley intends to develop the 40 acres into residential units and commercial, retail, leisure and educational facilities.
The site already has planning consent for a 363,000m² development, with 3,385 homes, a new school, shops, offices and riverside restaurants, catering for a population that is estimated to reach 10,000 by completion. Sources believe it unlikely that other architects will be brought in to deliver the scheme.
Oxley chief executive, Ching Chiat Kwong said: ‘Royal Wharf is an outstanding opportunity and offers a blank canvas to create something very special for London.
‘It has over 500 metres of river frontage with a Crossrail station 1km away. Oxley now has the opportunity and responsibility to deliver this fantastic project, picking up the baton from Ballymore, whom has already imposed their dynamic style through securing the planning permission.’
Oxley is a lifestyle property developer specialising in quality residential, commercial and industrial projects, with various overseas projects in China, Malaysia and Cambodia.
Sean Mulryan of Ballymore says: ‘We are delighted to have exchanged contracts with Oxley. We have a shared vision with them in terms of developing high quality, dynamic environments that create a built legacy.”