The 7.75 acre site, which is currently derelict, comes with planning consent for 661 homes and 9,500 square metres of commercial space for new shops, cafes, bars and restaurants.
The scheme has a total investment value of circa £600 million and represents Greenland’s first acquisition in the UK.
Ravi Govindia, Leader of Wandsworth Council, said: “This is more good news for Wandsworth Town and another vote of confidence in the council’s ambitious regeneration plans. The Ram Brewery now has an owner with the experience and deep pockets needed to unlock its enormous potential.”
Paul Goswell, Managing Director of Delancey, said: “Since acquiring Minerva two years ago, we have worked hard to comprehensively redesign the original scheme which culminated in planning consent being secured last December. Our strategy had been to implement the scheme ourselves, possibly with a partner, but that changed when Greenland made their unsolicited proposal.”
Zhang Yuliang, Chairman and President of Greenland Group, said: “London is the global financial centre as well as the most open and diversified city that enjoys the most mature economic development, making it the first option for our investment in Europe.”