Greater London Authority reported to have appointed preferred bidder

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The Greater London Authority has reportedly appointed a Chinese business park as the preferred bidder to develop a 35-acre site in London鈥檚 Royal Docks.

Advanced Business Park, based in China, have drawn up plans to turn the site into the European headquarters for hundreds of Chinese firms, according to the BBC.

Work could start within 18 months.

A spokeswoman for the Mayor of London said: 鈥淭he mayor and his team have been in discussions with ABP of China about their proposals for the Royal Docks as part of a regulated procurement process that is due to conclude shortly.鈥�

The Royal Docks is earmarked for 拢22bn of development potential and is already home to the Excel exhibition centre and London City Airport.

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