What happened to Li Ka-shing's plan to invest 1 billion pounds to build a city in London?

Following the acquisition of the largest bar group and brewery in the UK last year, Hutchison Whampoa Real Estate Co., Ltd., a subsidiary of Li Ka-shing, plans to invest in the construction of Convoys Wharf, a large-scale real estate project in the UK, with an estimated investment scale of 1 billion Hong Kong dollars (about 9 billion yuan).

According to media reports, Convoys Wharf, formerly a shipyard, is now scheduled to build a large-scale real estate project, which has also been approved by the UK.

It is understood that in the last less than 1 years, Li Ka-shing has invested heavily in Europe. Today, the assets owned by the Li Ka-shing family in Europe are all over ports, electricity, real estate, medicine, water conservancy, telecommunications and other industries, among which the British industry has become the "sweet spot" for Li Ka-shing's investment.

Extended information

In 219, Li Ka-shing wholly acquired the largest bar operator in the UK:

In August 219, Li Ka-shing wholly acquired greene king, the largest bar operator in the UK, at a cost of 4.6 billion pounds (about 39.3 billion yuan).

It is understood that King Green owns 6.5 square kilometers of bars, restaurants and other fixed assets in Britain, and these assets are located in prime locations, and more than 8% of the assets have permanent property rights or long-term lease rights.

China. com-Li Ka-shing plans to invest 1 billion pounds to build a city in London.