Capital & Counties, the UK property group, is in talks with one of the wealthiest families in Asia to provide funding for the multibillion pound redevelopment of the Earls Court site in west London.
Earls Court is one of the largest development schemes in London and potentially the most valuable given its position in a prime area for residential and commercial property.
CapCo is in talks about a joint venture with the Kwok family, which controls Hong Kong’s largest listed property developer, Sun Hung Kai Properties. The family has been behind some of Hong Kong’s biggest property schemes and is looking to diversify its wealth following the vast inflation in Asian property values.
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