Government kick-starts King’s Cross Central sale

Plans by the Government to sell its 36.5% stake in the King’s Cross Central development in London are moving closer, with investors now being sought.

The shareholding in the King’s Cross Central Partnership - the group developing the 67-acre site - is thought to be worth £360 million.

The site is being developed into eight million square feet of mixed used space, including offices, apartments, shops, educational establishments and leisure areas. It will have ten new parks and squares, 20 new streets and three new bridges across Regent’s Canal.