The six-mile long Westbourne River project of new apartment buildings, canals and water features will run from Bayswater, through Belgravia to Pimlico.
It will be funded by Middle Eastern sovereign wealth fund, QV3, Asian investment bank, WanXiao, and two London-based private investors.
Madame Wendy U’uren Je, Chief Executive Officer of WanXiao, commented: “We are delighted to be involved in this unique signature project.
“The implementation of the scheme over the next five years will use world-class consultants including architects, urban planners and aqua specialists to transform the face of London’s West End.
“It will effectively bring a Thames-style ribbon of water inland across the centre of the capital.
Kay & Co has been chosen as the local property agent.
Martin Bikhit, Managing Director at Kay & Co, said: “We are delighted to be a part of this incredible regeneration project for London.
“Our research shows that property along existing London waterways is highly desirable, with water-facing properties often commanding a 20% price premium over neighbouring properties.”
Proposals are in place to provide up to 300 new homes, of which 30% would be classed as affordable housing.
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