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Kings Cross Central, comprising 12ha of derelict rail lands adjoining St Pancras Station represents one of the largest and best city centre development opportunities in Europe
For over 10 years, JLL's consultants worked with London and Continental Railways to guide the redevelopment of 12 ha of vacant rail land in the centre of London. Our role as real estate advisor included researching and assessing the most appropriate development concept for the land, creating feasibility models and negotiating a joint land owner agreement with an adjoining owner. We were involved in sourcing a development and equity partner and negotiating a detailed joint venture agreement which allows the land owning group to retain involvement and control, with a significant financial upside.
Development is underway on a £2billion project which will include 750,000 sq m of mixed-use development, 450,000 sq m of new office space, 50,000 sq m of retail spaces and almost 2000 new dwellings, as well as 20 streets and 10 new public spaces, 50 arts and music venues and the retention and restoration of more than 20 historic buildings.