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Fresh cash for King’s Cross

King's-Cross-Central-N1Helaba has provided a £191m development finance loan to the King’s Cross Central Partnership to fund the continued development of the northern phase of the King’s Cross development, N1.

The funding will help deliver among other schemes the 180,000 sq ft office prelet to Google.

The financing seals more than £750m of facilities loaned against the development of the 67-acre site.

Among other lenders had been HSBC, Royal Bank of Scotland, Santander and Wells Fargo.

The legal adviser on the deal was Berwin Leighton Paisner.

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