Four banks have joined the £1.4bn financing of phases two and three of the £8bn Battersea Power Station development.
DBS Bank, National Bank of Abu Dhabi and OCBC Bank joined as mandated lead arrangers, while RHB Bank came in as lead arranger.
CIMB Bank, Maybank and Standard Chartered Bank are the leads on the financing, which comprises £750m for phase two and £600m for phase three, which comprises Electric Boulevard.
This trio and OCBC lent owning consortium SP Setia, Sime Darby and Employees’ Provident Fund £790.2m to finance the purchase and first phase of the 42-acre site development in November 2013.
