A joint venture (JV) of Helical and Places for London, the property arm of the UK's Transport for London, has secured a £220m ($300m) loan for Paddington Over Station Development (OSD) in London. The financing agreement was signed with PIMCO Prime Real Estate, acting on behalf of institutional investors. The JV secured the loan before completing the site purchase, scheduled for 25 February 2026 at £55m, with Helical’s share amounting to £28.1m. The Paddington OSD represents the second of three initial ...