The Northern Line extension to Battersea is in doubt after the developer of the Battersea Power Station site was placed into administration this week.
The High Court appointed an administrator to four subsidiaries of the Battersea Power Station Shareholder Vehicle, of which Real Estate Opportunities (REO) is the majority shareholder. The move came after the subsidiaries failed to pay £324m of debt owed to Lloyds Banking Group and Ireland’s National Management Asset Agency.
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