A Chinese constructor's participation in a high-profile regeneration project in South London which will include one of England's tallest residential buildings is expected to inject dynamism to local economy.
Earlier this year, China Building Technique Group Company was selected as the primary contractor of a new regeneration development in the south London borough of Croydon. The CBTGC will provide design and consultancy in engineering and construction for the half a billion pound new development, part of a massive regeneration scheme that aims to upgrade Croydon.
The partnership between CBTGC and local developers is considered an important result in China-UK cooperation in infrastructure. A memorandum of understanding on infrastructure cooperation was signed by the two governments in 2011.
Founded in 1987, China Building Technique Group Company is a subsidiary of China Academy of Building Research, the largest R&D organization in China's building industry.
Sitting on the southern edge of London, Croydon is the largest and most populous borough of the UK capital. If it was an independent city, it would be UK's 7th largest.
The new regeneration project at Lansdowne Road sits at the heart of Croydon, enjoying convenient transport infrastructure. It is only a 2-minute walk to the East Croydon railway station, from where one can go to London Bridge in 14 minutes and London Gatwick Airport in 15 minutes.
Another advantage of the new project is its proximity to shopping facilities. A new shopping center redeveloped by Westfield on the Whitgift Shopping Centre site, which is only a stone's throw from the new development, is expected to attract over 40 million visitors to Croydon each year.
He stressed that the new project will not only deliver new homes but also bring growth opportunity to Croydon.
Croydon experienced mass development after the Second World War. After half a century, it is time for a renovation, according to David Hudson, the chief executive of Guildhouse, a local developer and the partner of CBTGC in the One Lansdowne Road project.
A Chinese constructor's participation in a high-profile regeneration project in South London which will include one of England's tallest residential buildings is expected to inject dynamism to local economy.
