German backers of Olympia redevelopment add new £500m investment
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The German investors behind the Olympia redevelopment in Kensington have committed an additional £500m, with Deutsche Bank providing a £900m loan as part of a £1.3bn refinancing. The project includes a 3,800 capacity music arena, a theatre, bars, hotels, and office space. The redevelopment is nearing completion and aims to enhance the local economy and culture. A partnership with Transport for London will fund extra services to increase footfall. The music venue is set to open on June 16, with the theatre following next year.
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