New $300m jv buys King’s Cross resi

Hong Kong’s Prime Pacific has entered into a joint venture with ED Group Holding to buy central London residential schemes, starting with a £17m project in King’s Cross. The jv has been set up as a fund with a total target investment amount of $200-300m. It has exchanged contracts on its first project, known as Brill Place, a 22-storey tower project in King’s Cross, which has planning consent for 54 apartments and ancillary commercial space. Brill Place is located directly adjacent to St Pancras International Station, and is a short walk from Granary Square. Prime Pacific is a relatively new