London Town, the property developer planning a 20-storey block next to Tate Modern, has announced losses widened from £456,000 to £4.48m for six months to June.
Impression of the new Hopton Street development
A £2.17 equity fundraising is planned in an effort to repay short term debt.
Bankside residents opposed to the skyscraper have secured a judicial review of the planning decision which will be heard in the High Court next year.
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