Funding deal for NEO Bankside

Wed 6 February 2013, 1:51 pm

Lloyds Bank has agreed to a refinancing deal for the NEO Bankside development, near Tate Modern.

Developers Native Land and Grosvenor will receive a £49 million two-year debt facility for the £400 million scheme, website CoStar reported.

It said the partners were due to release the 217-home scheme’s penthouses for sale later this year.

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