Chinese state-owned property firm Greenland Holding Group is set to invest £1.2bn in two property projects in London.
The firm will acquire Minerva’s Ram Brewery in Wandsworth for an undisclosed price. The new development on the site would reportedly be worth £600m.
The other development as part of the investment is an apartment block on a 39,826-square-foot site in Canary Wharf.
“The prospect for our overseas property business is great. Rich and middle-class Chinese will be the main buyers of our projects,” Greenland Chairman Zhang Yuliang said in the statement.