Author: Cyril Richert

Ram Quarter – 2021 – Credit: Google Map
Chinese investment has been a booster for many property developments in London, and a huge funder for Wandsworth Council for more than a decade.
However, the recent Chinese property market financial difficulties have had dramatic consequences abroad, over pressure from the Chinese authorities to pull out from foreign spending to concentrate on inland projects.
Shanghai-based Greenland Holdings, which owns the Ram Brewery development site in Wandsworth, has now sold the project, reported the FT last week. They said:
“Greenland is now backing away from completing the scheme having sold more than 300 homes. It has sold the remainder of the project to British housebuilder Berkeley Group for about £40mn, according to two people close to the deal.”