St Giles Circus £323 million refinancing

Overview:

• Blackstone Real Estate Debt Strategies (BREDS) has refinanced the St Giles Circus development in London to the tune of £323 million.
• The loan will be used for repayment of existing debts and developing the venue which is located in the centre of London's West End. 
• The development, which is being constructed by Skanska, sits at the junction of Tottenham Court Road and close to the new Crossrail station being developed in the area.
• The project includes a boutique hotel with bar and restaurant as well as an event venue. 

Katrin Kostadinova - Data analyst