Mitsui, Japan’s biggest trading company, is expected...
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Mitsui, Japan’s biggest trading company, is expected to announce a $154.8-million apartment project in the London Docklands, its first big development in Europe.
The move may boost the sagging Docklands market. Sales have been at a record low this summer.
Mitsui has selected Docklands developer Jacobs Island Co. as its partner in the complex, near Olympia & York’s Canary Wharf office development on the Isle of Dogs.
Construction begins next year on four acres at Ferguson’s Wharf, Westferry Road. Completion is planned for 1993.
Mamoru Nakamura, general manager of Mitsui’s real estate development department, said Mitsui also is considering projects in Paris and in Spain.
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