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King’s Cross Central - Joint venture advice and land value realisationSince 2001, Jones Lang LaSalle Corporate Finance, in conjunction with the Development and Asset Strategy team, has provided ongoing financial and real estate advice to London & Continental Railways and DHL- Exel relating to their land holdings at King’s Cross, helping them achieve their goals of sourcing a joint venture partner and realising maximum land value. Following the completion of the Channel Tunnel Rail Link and the redevelopment of St Pancras Station, the 67 acres of railway lands to the north of King’s Cross and St Pancras stations represents the biggest single development site in central London for 150 years.Jones Lang LaSalle has advised the landowners on a variety of matters, including: sourcing and appointing a development partner for the project, structuring a complex Joint Venture vehicle to own and manage the development of the scheme, and building and managing a complex financial model, which has evolved with the scheme over time. Jones Lang LaSalle represented the landowners through a complex land valuation process, culminating in the transfer of the land to ownership of the Joint Venture.Enabling works on the site commenced at the end of 2007. The entire 8 million sq.ft., £4.5 billion development is expected to be completed by 2022. Jones Lang LaSalle continues to advise the landowners on a wide variety of issues relating to the project.