London’s Battersea Power Station, the largest brick building in Europe is financed by a £790 mln (€948 mln) syndicated loan for its reconstruction. The lenders, a consortium of Asian banks plan to rebuild the iconic structure; the redevelopment is estimated at around £150 mln (€180 mln).
The Battersea Power Station was purchased by the Asian consortium in 2012 for £400 mln (€480 mln). The power station is set to be reconstructed into a mixed-use complex consisting of apartments, office space, retail units and a garden of about 84,000 m².
The redevelopment of the Battersea Power Station will also add two stations to the Northern line of the London Underground.