Chinese developers invest to build replica of London's Crystal Palace, a Victorian wonder

Britain's Crystal Palace, the Victorian exhibition center that was once the largest glass structure in the world, will be brought back to life with investment from Chinese developers.

Shanghai-based ZhongRong Group plans to invest 500 million pounds ($811 million) to build a replica of the iron and glass building as a cultural attraction in south London.

The Crystal Palace was designed for the 1851 Great Exhibition, when thousands of exhibitors around the world gathered to display the latest technology.

Originally erected in Hyde Park, the huge glass structure was moved three years later to south London. A fire destroyed it in 1936.

The plans, announced Thursday, would replicate the building's Victorian design in that south London location in its original size and scale, including exhibition space and public parks.