Linklaters advises AustralianSuper on acquisition of interest in major central London development site, King’s Cross

Linklaters has advised AustralianSuper on its acquisition of an indirect interest of just over 25% in the development project at King’s Cross.

The King’s Cross project, which spans a 67 acre site in central London, will be comprised of over 50 new and refurbished buildings with a total value, once complete, of approximately £5bn, and is a mixed use scheme including residential, office, retail, hotel, university, community and leisure.

AustralianSuper is an Australian pension fund and this is their second significant investment in the UK property sector, after acquiring a 50% interest in thecentre:mk in Milton Keynes in December 2013.

Linklaters’ team was led by Corporate Partner Jessamy Gallagher with managing associate Tom Watkins and the Real Estate aspects by Partner Martin Elliott, with managing associate Matt Topp.

For further information, please contact Katie Taylor on +44 20 7456 2287