| 23.10.2008 - King’s Cross project rescued at 11th hour |
| From FT: The £2bn ($3.3bn) redevelopment of the King’s Cross area of central London has secured an 11th-hour funding package for its next phase after talks with a consortium of international banks fell through. The 8m sq ft office, retail and residential scheme, one of Europe’s largest redevelopment projects, was last month close to signing a £400m development finance deal with a consortium of banks including EuroHypo and Deutsche Postbank..... Full Article: Source |