The Malaysian consortium redeveloping Battersea Power Station (BPS) has closed a syndicated debt facility of £1.35bn to fund the development of Phase 2 and Phase 3 of the iconic power station. It comprises a £750m facility to fund the development of the power station building and a £600m facility to fund the development of BPS’ high street Electric Boulevard, comprising buildings designed by Gehry Partners and Foster + Partners.
CIMB Bank, Maybank and Standard Chartered are acting as mandated lead arrangers, book runners and joint co-ordinators., DBS, National Bank of Abu Dhabi, OCBC Bank and RHB Bank are participating as primary syndicate members. A global tour to 13 cities in 11 countries will be launched from London on Friday at 8am GMT.
The global tour aims to see out the most exciting UK and global brands, businesses and restaurants to come to BPS. The launch will open 3.5m sq ft of commercial leasing space, which will have over 250 retail and F&B outlets, three hotels, cinemas, conference space and 1.62m sq ft of offices, among others.
