DfT sells King’s Cross development

The Government is selling the 67-acre King’s Cross development to Australian pension fund AustralianSuper, in a £371 million deal.

The site comprises homes, schools, offices, restaurants and shops. A combination of new and refurbished structures will feature ten new parks and squares, 20 new streets and three new bridges over the Regent’s Canal.

Plans for the sale were announced in June, and Transport Minister Robert Goodwill described the site as “an asset we no longer need to keep”.