Greenland Holdings Group, the Chinese state-owned real estate developer, has bought a historic brewery site in southwest London from developer Minerva, in its first UK deal.
Minerva won planning permission last summer for 661 new homes on the Ram Brewery site in Wandsworth, including a 36-storey residential tower. The £600m, 90,000 sq ft scheme will also include new shops, restaurants and bars, and a microbrewery.
The existing buildings, formerly the home of brewery and pub chain Young & Co, will be restored to create a brewing museum. The Ram site is reputed to be Britain’s oldest continually operating brewing site, with activity dating back to the 16th century.
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