Chinese ABP in London move

ROYAL Albert Dock developer ABP has given London a massive vote of confidence by announcing it will locate its global headquarters in the capital.

ABP chairman Xu Weiping announced the news at a London-Asia business forum at City Hall yesterday and said the headquarters will have 100 staff and be at the heart of more than £20bn worth of projects and assets.

London Mayor Boris Johnson welcomed the move, which follows a £1bn deal between the developer and City Hall to transform east London’s Royal Albert Dock site into the capital’s next business district and create 20,000 new jobs for the area.