GREAT NORTHERN HOTEL FREEHOLD SOLD

THE freehold on the 157-year-old Grade-II listed Great Northern Hotel, which will form part of the new King’s Cross station redevelopment, has been bought by US real estate investor Pramerica for £12m. A pedestrian arcade that links the station and the hotel has already been completed, and the renovated hotel is slated to reopen in 2012, in time for the London Olympic Games.