Chinese Estates Holdings’ €509m flagship project begins

Chinese Estates Holdings has begun the redevelopment and revitalization of its flagship project, 120 Fleet Street in the United Kingdom.

Located in the Central Business District of London, 120 Fleet Street consists of the commercial building River Court and the historical Daily Express Building. The group will invest an estimated £429 million (€509 million/$505 million) in the project for what is the largest Asian-owned commercial development approved by the city of London in the last few years as revealed by market data.

River Court will be redeveloped into a 21-story high rise and renamed as Evergo Tower, offering approximately 540,800 square feet of office space and approximately 18,600 square feet of retail space. The new name commemorates the merger of the group and Evergo Holdings Company Limited. Demolition work on River Court officially started on Aug. 18 and is expected to be completed in the early second quarter of 2023.

The new Evergo Tower is sche