LONDON: Battersea Power Station yesterday signed a syndicated debt facility totalling £1.35bil (RM7.12bil) with a consortium of bankers that will fund the development of the second and third phase of the mammoth project.
The financing, which is one of the largest real estate financing transactions in recent years, comprises a £750mil facility to fund the development of the power station building, and a £600mil facility to fund the development of London’s newest high street, Electric Boulevard, comprising buildings designed by Gehry Partners and Foster + Partners.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
