Deutsche Bank to Provide £1.25 Billion Loan for London’s Olympia

Deutsche Bank AG. has been selected to refinance one of the biggest real estate projects in the UK, the redevelopment of London’s Olympia exhibition center.

The lender will provide £1.25 billion ($1.7 billion) to the venture that has redeveloped the venue, one of the largest real estate financings ever agreed in the UK, a person with knowledge of the process said. The loan will refinance and recapitalizes the business behind the project that’s owned by Deutsche Finance International and Yoo Capital, the people said, asking not to be identified as the deal has not yet been signed. JPMorgan Chase & Co. and Evercore arranged the loan, they said.