Battersea Project Financing Secured
“If we do it faster, we would
recoup our money faster.
From our experience, after
paying off the infrastructure
and land cost, we should
slow down (the development
pace) as it determines the
profit, which will be up to the
shareholders,” he said.
Liew (third from right) briefing Urban Wellbeing, Housing and
Local Government Minister Datuk Abdul Rahman Dahlan (third
from left)
The Malaysian consortium
of S P Setia Bhd, Sime
Darby Property and the
Employees Provident Fund
(EPF) which is undertaking
the Battersea Power Station
redevelopment project in
London has secured £790.2
million (RM4 billion) in
financing.
refurbishment of the
power station project over
the next three-and-a-half
years. It also includes a
£258.2 million land facility
to refinance the initial loan
used to fund the acquisition
of the site over a longer
period from two years to five
years.
CIMB Group Holdings Bhd
is the coordinating lead
arranger and book runner,
with OCBC, Standard
Chartered, HSBC and
Malayan Banking Bhd as
j