LONDON-Knight Dragon, an investment vehicle of Dr. Henry Cheng Kar-Shun, has acquired a 60% interest in the Greenwich Peninsula mixed-use project in London. The company has agreed to purchase 50% stake of Lend Lease, Quintain's previous partner, and 10% of Quintain.
The project calls for almost 10,000 new homes and a 3.5-million-square-foot commercial destination, as well as hotels, shops, public facilities and schools. Dr. Cheng will inject approximately $235 million into the development and provide about $471 million in credit facility. For the full story, go to Commercial Property Executive .
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