Jump to content
House Price Crash Forum
Sign in to follow this  
koala_bear

London Going Completely Nuts

Recommended Posts

Chinese developer buys the former Ram Brewery site in Wandsworth for £600m. last sold for £69m in 2006.

The site is only 7.75 acres, so £78m an acre! .

http://www.theguardi...uys-ram-brewery

A giant Chinese property developer has bought the site of Britain's oldest brewery in its first venture into the European market.

Greenland Holdings Group has snapped up the historic Ram Brewery in Wandsworth, west London, which has an investment value of £600m and is to be turned into shops and housing – although it will also house a brewing museum.

....

The former brewery will have 661 new homes, including a 36-floor building with 166 flats, and 9,500 square metres of shops, cafés and restaurants. The site will also house a brewing museum and a microbrewer.

Taking going nuts to a new level

Edited by koala_bear

Share this post


Link to post
Share on other sites

Chinese developer buys the former Ram Brewery site in Wandsworth for £600m. last sold for £69m in 2006.

The site is only 7.75 acres, so £78m an acre! .

http://www.theguardian.com/business/2014/jan/07/chinese-property-developer-greenland-buys-ram-brewery

Blasphemy! How could such a holy relic be sold?

Share this post


Link to post
Share on other sites

Chinese developer buys the former Ram Brewery site in Wandsworth for £600m. last sold for £69m in 2006.

The site is only 7.75 acres, so £78m an acre! .

http://www.theguardi...uys-ram-brewery

Taking going nuts to a new level

More savy chinese buyers.

Brilliant new though...what beer will they be brewing.

I suggest they call it...."Ram it up 'em"

Edited by TheCountOfNowhere

Share this post


Link to post
Share on other sites

It says 'investment' value of £600 million. Doesn't sound like they actually paid that for the site. That probably includes the entire build cost.

Share this post


Link to post
Share on other sites

Sounds like storys I have of people paying silly €€€€ for development land in or around Dublin, the next thing that happened is the whole Ponzi collapsed and many of the developments were revealed as worthless 10c on the €

Share this post


Link to post
Share on other sites

More savy chinese buyers.

Brilliant new though...what beer will they be brewing.

I suggest they call it...."Ram it up 'em"

They are going vertical with 36 stories with 166 and a total of 661 flats/homes on the site. Compared to HK that is not expensive.

Edited by buyerbeware

Share this post


Link to post
Share on other sites

It says 'investment' value of £600 million. Doesn't sound like they actually paid that for the site. That probably includes the entire build cost.

CORRECT

The 7.75-acre Ram Brewery development has outline planning permission for 661 homes, including a 36-storey tower providing 166 flats and 102,250 sq ft for shops, cafes, bars and restaurants. The total investment value is around £600m.

Share this post


Link to post
Share on other sites

IIRC Japan in the late 80s got into a similar position, buying primarily american assets for silly money before they promptly blew up up had to liquidate most of it at a huge loss.

Still, im sure its different this time.

Share this post


Link to post
Share on other sites

CORRECT

The 7.75-acre Ram Brewery development has outline planning permission for 661 homes, including a 36-storey tower providing 166 flats and 102,250 sq ft for shops, cafes, bars and restaurants. The total investment value is around £600m.

Fair point. Westfield is budgeting around £300m for a shopping mall in depressed Bradford. Thats only 12 acres and much of that will likely be service/delivery areas anyway, so maybe it isn't that exceptional.

Share this post


Link to post
Share on other sites

London has been bonkers for a long time. It will continue to suck the life out of the rest of the country until the mania and greed come to an end. It can't go on, can it?

Share this post


Link to post
Share on other sites

Some Japanese companies paid some massive prices for offices in London in the late 1980s just before the then economic collapse. A Conservative government as well and a government becoming more and more strife ridden. Not an official coalition of course but suffficiently divided to be close to one.

Share this post


Link to post
Share on other sites

Anyone who knows that part of Wandsworth knows the fun and games that arise from the probelm estates nearby. Steaming gangs in the shopping centre, fights, a pleasant ethnic mix giving you the random street hassle of your choice, dogs in the park that rip your face off if you look at their balls. :o

So - whoever stumps up to buy the resulting apartments better be well hard...

Share this post


Link to post
Share on other sites

Anyone who knows that part of Wandsworth knows the fun and games that arise from the problem estates nearby. Steaming gangs in the shopping centre, fights, a pleasant ethnic mix giving you the random street hassle of your choice, dogs in the park that rip your face off if you look at their balls. :o

So - whoever stumps up to buy the resulting apartments better be well hard...

It has obviously improved a bit lately, the dogs only bite people's ankles these days ;). [yes I'm serious on this one]

They are also making good progress in demolishing the last of the old Arndale centre.

Share this post


Link to post
Share on other sites

London has been bonkers for a long time. It will continue to suck the life out of the rest of the country until the mania and greed come to an end. It can't go on, can it?

No, it can't.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   203 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.