03 February 2025
03 February 2025
The financing comes from the New Market Tax Credit allocation awarded by the US Department of Treasury.
The project includes a single-storey building, car parking, landscaping, and more.
The new structure is set to become one of the tallest buildings in the Square Mile.
The proceeds will be used by the company to fund land settlements, infrastructure, and the activation of the MASAR destination.
The redevelopment will transform the office site into an industrial and logistics hub.
The project will now enter the implementation phase while the works at the site have begun.
The 130,000ft² campus will feature 300 beds alongside sanitation and laundry facilities.
The restoration works are expected to be executed with £10m in funding from various partners.
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