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London developer pushes back on Baupost’s claims over Royal Albert Dock deal
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fnlondon.comA London developer is denying claims from a Boston hedge fund, that it reneged on a deal over joint acquisition of a part of the city's Royal Albert Dock.
The dispute between London-based DPK Management and the US hedge fund, Baupost Group, centres on a deal involving the city's Royal Albert Dock, which was previously owned by China’s ABP Group. Despite receiving backing in 2015 from Chinese President Xi Jinping and then British PM David Cameron, the project turned into a ghost town and ultimately collapsed into insolvency...
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