TCI Makes a Splash With $870M Construction Loan on Boston’s Southern facility

TCI Makes a Splash With $870M Construction Loan on Boston’s Southern facility

Children’s Investment Fund doled out of the sum to finance the phase that is first of redevelopment of Boston’s Southern facility transit hub

A partnership trio led by Hines this is certainly spearheading the huge 1.9-million-square-foot redevelopment of Southern facility in Boston’s Financial District has gotten $870 million in construction funding from London-based The Children’s Investment Fund (TCI) to construct the initial of three stages regarding the task.

Houston-based designer Hines, along side Dune Real Estate Partners and APG Groep NV (APG Asset Management), a pension that is netherlands-based supervisor, will utilize the financial obligation to create more or less 660,000 rentable square legs of workplace and retail space, 166 residential condominiums and much more than 500 parking areas as section of stage one, in accordance with information released today by brokerage household JLL, that has been accountable for sourcing and organizing the mortgage from TCI. Leer más