22/01/2019 08:00 by Buildington
Xinyuan Real Estate Co., Ltd, an NYSE-listed real estate developer and property manager operating primarily in China and also in other countries, has acquired, from ED Jersey Limited, a 100% owned subsidiary of ED Group Holding Limited, a 50% equity stake in Madison Developments Limited, the developer of The Madison, London E14, via Xinyuan's 100% subsidiary Xinyuan International Property Investment Co Ltd for a total consideration of GBP £29.11 million.
Construction of The Madison is currently underway and completion is expected in 2020. To date, approximately 40% of the private apartments have been pre-sold and 100% of the affordable apartments have been pre-sold. The Madison project is being managed by LBS Properties.
Mr. Yong Zhang, Xinyuan's Chairman, said: "We are pleased to make this equity investment in Madison Developments Limited. This is our first step in the UK real estate market and an important milestone for Xinyuan's international expansion strategy. While China remains our core market, we would like to take advantage of our experience in overseas investment and join hands with competitive local partners, and are confident that our investment in Madison Developments will generate favourable returns for our shareholders."
Mr Gordon Crawford, Chairman of ED Group, added: "We are pleased to welcome Xinyuan Real Estate as our partner in this exciting development project. The Madison is set to be a landmark building in the Canary Wharf market, a location we believe will benefit over the coming years from substantial investment, including the arrival of Crossrail later this year. We look forward to working with Xinyuan on their debut investment in the UK to establish a successful, long-term partnership."
Source: LBS Properties published 26th March 2018.
11/04/2018 09:05 by Buildington
The Madison Hong Kong Exhibition by Savills takes place 14 - 15 October 2017 (Sat & Sun) from 11am to 7pm at Tian & Di Room, 7/F, Landmark Mandarin Oriental, Central.
For more information please contact Savills.
03/10/2017 09:58 by Buildington
Launching the new show home and exclusive virtual reality walkthrough experience At The Madison on Thursday 16th March 2017!
Prices from the 33rd floor start from £573,000.
Never compromise your views www.themadison.co.uk
Via advert in Homes & Property homesandproperty.co.uk 15.03.2017
16/03/2017 06:16 by Buildington
Balfour Beatty has been awarded a £150 million contract by LBS Properties to deliver the main construction works of The Madison Tower in Canary Wharf, London E14.
Following its initial £1 million pre-construction services agreement in 2016, the main construction contract will see Balfour Beatty deliver this 53-storey landmark tower to include 423 residential apartments, residents’ lounge and business facilities.
Dean Banks, Managing Director of Balfour Beatty’s UK Construction Services business, commented: ”Following a successful partnership with LBS Properties during the pre-construction phase, we’re delighted to have been appointed to deliver full construction of this iconic structure. Our in-depth knowledge and expertise will ensure that we can efficiently and effectively, deliver this complex building and further support the on-going transformation of the local area.”
Nick Crawford, Director at LBS Properties, added: “Balfour Beatty has impressed us since the initial pre-construction services contract was awarded and we now look forward to working together to see the project through to completion.”
With piling works and basement excavation underway, main construction work is scheduled for completion in 2020.
03/02/2017 18:29 by Buildington
The Madison, a breathtaking 53 storey residential landmark tower, is proud to announce the release of its new Hudson Collection from levels 30 to 51.
Reaching up to the 51st floor, the apartments of the Hudson Collection will offer breathtaking views across Canary Wharf, the River Thames and the O2.
Experience the private residents' Highline Club on the 16th floor, with its beautifully appointed lounge bar, first-class gym, high-tech meeting area and screening room, complemented by an elegant spa and pool.
Prices from the 33rd floor start from £573,000*. Marketing suite and show home now open.
Via advertisement in House & Home, Financial Times 15.10.2016
18/10/2016 14:35 by Buildington
Hudson Collection at The Madison is launching 23rd April 2016! Register your interest with the sales representative to attend. Details on the development website.
28/02/2016 11:31 by Buildington
Balfour Beatty has been selected by LBS Properties, a property development and investment management company, to deliver a pre-construction services contract for The Madison, a £150million London Docklands residential tower adjacent to Canary Wharf.
Balfour Beatty will work closely with LBS Properties, on areas including procurement and the delivery strategy in anticipation of the full construction contract award expected this summer.
The Madison will comprise a 53-storey tower containing commercial space, extensive landscaped gardens at ground level and 423 residential apartments. It will benefit from a host of amenities, including a 16th floor residents’ lounge with stunning views of Canary Wharf, a private screening room, business facilities, a gym, spa and swimming pool.
Dean Banks, Managing Director of Balfour Beatty’s UK Construction Services business, said:
“The Madison will be one of the tallest structures under construction in the UK, standing at an impressive 187 metres.
“I am delighted the specialist skills and expertise Balfour Beatty offers in this growing market have been recognised by LBS Properties. We look forward to securing the full award in the summer and to delivering this iconic structure.”
Balfour Beatty said it will begin enabling works this February prior to full contract award with completion of the development scheduled for late 2019.
12/01/2016 13:19 by Buildington
The Madison is launching 17th and 19th September 2015.
02/09/2015 00:54 by Buildington