King’s Cross owners to sell stake in London’s biggest development

 
Kasmira Jefford
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THE PARTNERSHIP behind the regeneration of King’s Cross is planning to sell a 20 per cent stake in the 67-acre scheme.

Argent, taxpayer-owned London & Continental Railways and DHL, have appointed Rothschild to find potential buyers as they prepare for the next stage of development.

The transformation of the North London site got underway in 2000 when developer Argent was appointed to lead the project. It is now about half-way through and will have 50 new buildings and 2,000 new homes once completed.

Firms including Google, media giant Havas and Louis Vuitton have snapped up space on the estate, with some buildings securing rents as high as £80 per square feet.

The stake is expected to fetch around £200m, according to The Sunday Times.