Hong Kong developer unveils £1b London development

Hong Kong–based Knight Dragon has unveiled its designs for Peninsula Place, a £1 billion ($1.3 billion) development near London’s River Thames.

The 1.4 million-square-foot building will be topped with a crown-shaped cluster of glass towers, inspired by the designs of Isambard Kingdom Brunel, a famed 19th century British civil engineer.

The Peninsula Place development will sit on top of the North Greenwich underground station beside the O2, featuring 800 apartment units, including 200 “affordable” homes, as well as 300,000 square feet of office space, 80 shops and restaurants, a cinema, a performance venue, and a 500-room hotel.

Spanish-born architect Santiago Calatrava has designed a 79-foot glass arcade with “winter garden” atrium for the complex, which will be topped by three towers, each rising more than 30 stories above North Greenwich station, which is to be renamed Greenwich Peninsula.

Peninsula Place is the third phase of the £8.4 bil