Brexit boosts redevelopment of Royal Albert Dock, according to the man leading the revamp

Alys Key
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Regeneration Plans Set To Be Announced For London's Historic Royal Docks
Xu Weiping (Source: Getty)

Brexit has increased government support for one of London's biggest developments, the man behind it has said.

Chinese property magnate Xu Weiping told City A.M. that government support for his company's Royal Albert Dock development had increased since Brexit.

The project, developed by Xu's ABP will transform 2km of riverfront in East London into a hub of offices, homes, restaurants and shops.

In an interview with City A.M., Xu said that the Brexit vote had increased the importance of China as an international partner.

“We recognise that the vote for Brexit is the result of the people, the government and the parliament wanting to have the greater degree of dependence outside the EU to decide its own destiny," he said.

"As a result China is even more important in this context. Working with China is different from being part of the EU because there will be no regulations and limits imposed on the companies doing trade with China. There are only going to be more opportunities.”

He added that British-Chinese relations are in a "golden era", and that London was an attractive prospect for Asian investors due to the high level of education and thriving financial market.

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