A Chinese developer in serious financial difficulties has placed a plot of land in London up for sale.
Country Garden are disposing of
the Calico Wharf plot located beside the A12 and not too far from Bromley-by-Bow station.
The site is also near a proposed footbridge over the River Lea – covered back in October 2023 – and Poplar Riverside where an appeal to build 1,500-homes was recently approved.
View of site in late 2023 taken from D8 bus
Country Garden purchased the Calico Wharf site from Galliard in 2017 with plans to build 785 homes. In 2023 that increased to more than 952.
The company has
been in turmoil for months amid a Chinese property slump. Another large Chinese property company, Evergrande, were yesterday ordered to liquidate.
Help support me in bringing you events and news in London. Adverts are far from enough to cover living costs and and paying hosting fees, URL fees and Theme costs adding up to hundreds.
You can support via Paypal
Another option is via Patreon by clicking
You can also buy me a beer/coffee at Ko-fi
There's also a Facebook page for the site