Niche property services firm BH2 has been appointed to provide investment advice to the joint venture consortium developing the 4.9m sq ft King’s Cross development in north London.
The King’s Cross Central Limited Partnership is a joint venture between Argent, London & Continental Railways and DHL Supply Chain.
Peter Freeman, non-executive director at Argent, said: ‘At the moment we are taking the view that some of the earliest buildings to be developed are more likely to be sold than retained.’
He said that advanced tenancy discussions are under way but the time was right now to appoint an investment adviser as it begins to structure leases and to help it prepare a suitable investment exit strategy.
BH2 has previously advised Argent and the London & Continental Railways.
BH2 will join a team of advisers acting for the partnership including joint letting agents DTZ and Savills.