30 Oct '14, 6am

#singapore #property Consortium obtains £1.35bil loan for Battersea project: In order t...

#singapore #property Consortium obtains £1.35bil loan for Battersea project: In order t...

Comment E-mail to friend Bookmark & Share In order to fund the second and third phases (3A & 3B) of the Battersea Power Station redevelopment project in London, its developer has officially taken out a £1.35 billion loan from a consortium of bankers. Touted as one of the biggest property financing transactions in the past few years, the loan comprises a £750 million facility for the redevelopment of the power station, and £600 million for the construction of a major retail street, consisting of blocks designed by Foster + Partners and Gehry Partners. CIMB, Maybank and Standard Chartered will serve as book runners, lead arrangers and joint co-ordinators, while OCBC, DBS Bank, RHB Bank and Abu Dhabi’s National Bank will act as primary syndicate members. “These latest financing agreements are a further significant step in the development of Battersea Power Station, in bringin...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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