Carlyle wins approval for $1.6 billion real-estate project in London

The US private equity group the latest overseas investor to develop prime real estate in London

Carlyle Wednesday received approval to build a £1 billion ($1.6 billion) residential and office project on the south bank of the River Thames, making it the latest overseas investor to develop a prime chunk of London's real estate.

The US private-equity group will develop nine new buildings as part of the 1.4 million square foot project, including a planned 48-storey residential tower, a new public square and 25,000 square feet of retail space.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump