Lendlease and Starwood have formed a joint venture to buy out The Silvertown Partnership (TSP) from the First Base and Chelsfield Properties consortium to develop the £3.5bn Silvertown Quays, the 50-acre brownfield site in Royal Docks, East London.
The JV has acquired Chelsfield Properties, which had a 33.33% interest in TSP, and has bought the remaining 66.6% share of the partnership directly.
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