Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Forsters, Eversheds and BLP lead on investment into £3bn redevelopment project

Forsters, Eversheds and Berwin Leighton Paisner (BLP) have taken lead roles on a deal which has seen Hong Kong billionaire Henry Cheng Kar-Shun invest almost £500m in the £3bn Greenwich Peninsula project, one of the UK’s largest housing development schemes.

Cheng’s investment company Knight Dragon is set to buy a 60% stake in the development for £180m, while also providing an investment of about £300m.

The 60% stake comprises Australian project partner Lend Lease’s 50% share, as well as a further 10% from London property developer Quintain, which will retain the remaining 40%.

Forsters is advising Cheng and Knight Dragon, with Eversheds taking the lead role for Lend Lease and BLP advising Quintain. Eversheds’ team was led by corporate partner Rob Pitcher alongside lawyers from its corporate, property, tax and employment practice groups.

Forsters’ team is headed up by partners Penny Elliott and Craigie Pearson, who have acted for the Cheng family for more than a decade.

Quintain will continue to manage the Greenwich Peninsula project, which will include building 10,000 new homes, a 3.5m sq ft commercial district and public facilities along the river Thames, covering an area of 150 acres.

The investment is further evidence of the rapid rise of Asian investment into the UK. Last year, Freshfields Bruckhaus Deringer, Hogan Lovells and Ashurst took lead roles on the £4.7bn takeover bid for Northumbrian Water by a Hong Kong consortium led by Cheung Kong Infrastructure.

This premium content is reserved for
Legal Week Subscribers.
Subscribe today and get 10% off.


  • Trusted insight, news and analysis from the UK and across the globe
  • Connections to senior business lawyers within the leading law firms and legal departments
  • Unique access to ALM's unrivalled, market-leading reporting in the US and Asia and cutting-edge research, including Legal Week's UK Top 50 and Global 100 rankings
  • The Legal Week Daily News Alert, Editor's Highlights, and Breaking News digital newsletters and more, plus a choice of over 70 ALM newsletters
  • Optimized access on all of your devices: desktop, tablet and mobile
  • Complete access to the site's full archive of more than 56,000 articles

Already have an account?

For enterprise-wide or corporate enquiries, please contact Paul Reeves on Preeves@alm.com or call on +44 (0) 203 875 0651


Legal Week Newsletters & Alerts

Sign Up Today and Never Miss Another Story.

As part of your subscription, you can sign up for an unlimited number of a wide range of complimentary newsletters and alerts. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2018 ALM Media Properties, LLC. All Rights Reserved.