Pursuits
Hutchison Whampoa Wins Approval for 3,500 London Homes
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Hutchison Whampoa Ltd., controlled by Asia’s richest man Li Ka-shing, won preliminary approval to build as many as 3,500 homes less than two miles (3.2 kilometers) from London’s Canary Wharf financial district.
The project known as Convoys Wharf, in the borough of Lewisham, was endorsed yesterday by London Mayor Boris Johnson. Hutchison Whampoa, a Hong Kong-based company with interests in the retail industry, ports and telecommunications, also plans to construct offices, stores, a hotel and restaurants at the 41.2-acre (16.7-hectare) site in Deptford.