[ET Net News Agency, 23 December 2019] C C Land Holdings Limited (01224) said CC
Investor (a wholly owned subsidiary of the company), the company, MB Investor and JVC
entered into an agreement for the establishment, operation and management of JVC, whose
main purpose is to indirectly own and carry out the redevelopment of a property.
The property is located in Queensway, London W2 4YN. It is approximately a 3.3-acre site
which was once the first department store in London. More recently in the 1980s, it was
redeveloped into a shopping centre with a gross floor area of approximately 1.1 million
square feet. The current proposal of the business is for the property to be transformed
into 153 apartments, a 5-star hotel and retail space with a mix of independent retailers,
a state-of-art gym, cinema, restaurants and cafes in Prime Central London. The
redevelopment is currently expected to complete in early 2023. (RC)