YTL Power enters UK property market

The first phase will consist of the construction of 278 homes with a GDV of £90mil on a nine-acre plot of land, said YTL Developments chief executive officer (CEO) Lee Liam Chye.

BRISTOL: YTL Power International Bhd will venture into its first property development project in the United Kingdom designed to attract primarily UK residents as buyers. The project, named Brabazon, is located in the city of Bristol, which is about an hour’s train ride from London.

Brabazon is a master-plan development that has a gross development value (GDV) of £2.5bil to be developed over 15 years on 380 acres via YTL Power’s UK unit - YTL Developments (UK) Ltd.