Singapore developer splurged $321m on big-time London site deal

Site can yield around 4,000 homes.

According to Reuters' report, London's largest development site since Battersea Power Station has been sold to Singaporean developer Oxley Holdings for 200 million pounds ($321 million), which plans to build more than 4,000 homes on the 37-acre plot of land.

The deal is the latest in a string of transactions made by Asian investors in the British capital. A Malaysian consortium made up by SP Setia, Sime Darby and the Employees Provident Fund paid 400 million pounds for the 39-acre power station scheme in July 2012.

Read full report here.

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