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 invest in the phase that is first of redevelopment of Boston’s Southern facility transportation hub

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

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 use the financial obligation to create more or less 660,000 rentable square foot of workplace and retail space, 166 residential condominiums and more than 500 parking areas included in stage one, based on information released today by brokerage household JLL, that has been accountable for sourcing and organizing the mortgage from TCI. Officials at TCI could maybe maybe not be reached immediately. Read More