The backers of the King’s Cross regeneration plan in North London are selling a 20% stake in the project for an expected £200m.
Argent, the BT pension scheme, London and Continental railways and DHL are understood to have drafted in Rothschild to market a share of King’s Cross Central, which is home to the art school Central Saint Martins, Louis Vuitton and will soon be the home of Google.
It is understood that each of the project’s backers will sell part of their stake, although the exact amount is open to negotiation. Rothschild has enlisted GM Real Estate to assist with the sale and is currently talking to interested buyers.
While around 85% of the infrastructure for the project has ben completed, only half of the buildings have been developed.
Sunday Times Business, 2
