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Boris Johnson attends King's Cross Central topping out

Boris Johnson attends King's Cross Central topping out

Boris Johnson was guest of honour at a topping out ceremony for BNP Paribas Real Estate’s King’s Cross Central office development.

The Mayor of London was welcomed by Philippe Zivkovic, Executive Chairman of BNP Paribas Real Estate, to celebrate completion of the building’s steel frame by main contractor, VINCI Construction UK.

Developed by BNP Paribas Real Estate UK’s Property Development team and designed by architect Jean-Michel Wilmotte, 6 Pancras Square will create 39,500m² of office space opposite St Pancras station.

Andrew Ridley-Barker, VINCI Construction UK’s Managing Director, said: “We are delighted to celebrate today this symbolically important stage of the project which has been achieved utilising the combined VINCI group expertise in conjunction with that of BNP Paribas Real Estate. We now look forward to handing the project over on time in October.”

Philippe Zivkovic, Executive Chairman of BNP Paribas Real Estate, said: “6 Pancras Square represents BNP Paribas Real Estate’s first property development operation in London, a vital market for commercial real estate. The United Kingdom represents 15% of our turnover and we have major ambitions in the country.”

The building, part of which will be let to BNP Paribas Group companies, was forward sold to an AXA Real Estate led consortium comprising PSP Investments and clients of AXA Real Estate in 2013 based on a value of approximately €400 million (£320 million).

The remaining space is being marketed by BNP Paribas Real Estate UK’s transaction teams. BNP Paribas Real Estate’s property management team will be responsible for managing the building.

Work began in February 2013 with completion expected in late 2014.

Date: 10/01/2014

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