UE4.16 Issue while creating new c++ project (hexadecimal value 0x00, is an invalid character)

Hello,

I’m running UE4.15 & UE4.16 on my machine. UE4.15 works well but i’m unable to create new c++ project in UE4.16.
It gives me error. please find the attached screenshot for the error.

Is multiple versions of engine on my machine causing such error ?

I had the same issue and found out that the cause was this file:
My Documents\Unreal Engine\UnrealBuildTool\BuildConfiguration.xml

Deleting it was the solution.

There are two other potential locations of the buildConfiguration.xml
I’d advise checking all of them to see if any of them are empty.