Crystal Palace could be rebuilt by Chinese billionaire
PUBLISHED: 12:54 29 July 2013 | UPDATED: 12:54 29 July 2013
The Crystal Palace could soon be rebuilt under the orders of a Chinese billionaire.
Ni Zhaoxing, owner of Shanghai-based real estate company ZhongRong Holdings, has revealed an interest in creating an exact replica of the structure where it once stood, until it burned down in 1936.
Originally designed by Joseph Paxton, an Act of Parliament in 1990 stated that any new building on the site in Crystal Palace Park must be in the spirit of the building first erected in Hyde Park in 1851 for the Great Exhibition.
ZhongRong have appointed Arup engineers to work on the project, and are thought to be in early-stage talks with Bromley Council and the Greater London Authority.
The Mayor of London’s office confirmed they and Bromley Council have been approached by a “potential developer”, who is keen to redevlop a large section of the north-side of the park.
A spokesman said: “Discussions between all parties remain at a very early feasibility stage but the plans do not include any residential development.”
Bromley Council say they have had discussions with a number of parties regarding the park’s development, but the names and conversations remain confidential.
A spokesman added: “It is a matter of public record that we are committed to improving Crystal Palace Park which remains a jewel, not just in Bromley, but in London’s crown.
“We are continuing to look at and explore all funding options, including grant funding, that might be available to help secure a long term and viable future.”
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