Bank of England Governor Mervyn King will return to the scene of some of his most acidic public encounters today for the annual occasion that helped define his relationship with Britain’s banking industry.
Dalian Wanda Group, the Chinese developer controlled by billionaire Wang Jianlin, is investing 1 billion pounds ($1.6 billion) in a British yachtmaker and a London site to build Western Europe’s tallest residential tower.
ABP (China) Holdings Group Ltd., the Chinese developer that announced a 1 billion-pound ($1.6 billion) London business center last month, said the project would be valued at more than twice what it will cost to build.
Central London luxury-home values rose last month by the smallest annual amount since December 2009 on a drop in the Knightsbridge area, site of Christian Candy’s One Hyde Park complex, Knight Frank LLP said.
Tribeca Holdings Ltd. is close to buying London’s Old Spitalfields Market on behalf of an undisclosed party in what would be the city’s largest retail investment this year, according to two people with knowledge of the talks.