Arab Investments is close to securing all the funding it needs to complete its 1m sq ft Pinnacle tower, EC2. The development manager is expected to announce within the next fortnight that it has raised the £1bn needed to build the 64-storey skyscraper. The 60 investors behind Arab Investments have injected £420m into the scheme. The £520m shortfall will be met by a mixture of bank debt from HSBC and additional equity from Arab Investments.
To access all EGi news stories and commercial property data sign up for a free trial today, or visit the subscription options page to find out more.
