Hong Kong developer Sun Hung Kai Properties and its partner Irish developer Ballymore have made a £1 billion ($1.3 billion) investment to build a skyscraper scheme in the Isle of Dogs, E14, south of London’s Canary Wharf financial district.
Sun Hung bought the two connected sites from Galliard with planning consent for six towers rising to 44 stories in a joint venture with the Irish developer. In total, the 898-home 6-8 South Quay and 615-home 3 Millharbour, collectively known as Millharbour Quarter, will deliver 1,513 homes.
Recently, the joint venture acquired the residential-commercial project on the banks of The River Thames in East London costing £500 million ($647 million).
