London’s One Hyde Park residential project developers have to return more than 900 million pounds to its banks after work on the complex finishes next week, the Financial Times reported.
Eurohypo AG, HSH Nordbank AG and Helaba provided loan of more than 1 million-pound and project Grande (Guernsey) Ltd. will pay back the majority.
The development is a venture between Christian Candy’s CPC Group and Qatar Foreign Minister Sheikh Hamad bin Jassim bin Jabr al-Thani’s Waterknights.
Some of the U.K.’s most expensive property featured by One Hyde Park with space selling for more than 6,000 pounds per square-foot, the FT reported.
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