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Sunday, 1 July, 2001, 16:13 GMT 17:13 UK
London dock on the block
St Katherine's Dock
St Katherine's Dock: A Taylor Woodrow project since 1969
Taylor Woodrow, the UK construction company, has put its St Katherine's Dock development in London's docklands up for sale, the Sunday Telegraph newspaper has reported.

Any buyer will have to stump up about 250m, the newspaper said.

St Katherine's Dock, on the north bank of the river Thames near Tower Bridge, was one of London's first, and most successful, docklands regeneration schemes.

Taylor Woodrow won a deal in 1969 to redevelop the site, months after the docks were finally closed and sold for 1.5m to the Greater London Council.

New Rogers development

Today, St Katherine's Dock houses a marina, apartment blocks, shops, offices and restaurants.

Development is ongoing: Taylor Woodrow recently completed a new apartment complex on the north and east quays while planning permission has been obtained for a 180,000-square-foot commercial development designed by the Richard Rogers Partnership called Europe House.

The Sunday Telegraph said potential bidders for the dock included Catalyst Capital, the fund manager and investor formerly known as Greenwich Group, with US investment bank Lehman Brothers; JE Roberts, the US fund; and Blackstone, the US fund that owns the Savoy hotel.

Taylor Woodrow officials could not be reached for comment.

Lots Road plans

Earlier this month, Taylor Woodrow said its joint venture with Hong Kong-based Hutchison Whampoa Properties had submitted planning proposals to develop the Lots Road power station site, alongside the Thames in Chelsea, London.

The 350m project has been designed by Terry Farrell, architect of the MI6 building and the Charing Cross redevelopment.

The power station building will be retained, while eight new buildings (including two towers) will house more than 700 apartments as well as commercial space.

Construction is expected to begin in late 2002, when decontamination work is completed, and be completed by late 2008.

Taylor Woodrow bought the site from London Underground for 34m in 1998.

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