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Caring gets £330m funding for Project Navy

Billionaire restaurant tycoon turned property developer Richard Caring has finally secured a debt financing package needed to redevelop 20-21 Grosvenor Square into some of the most luxurious apartments in London, CoStar News can reveal.
By James Wallace
September 19, 2011 | 7:40 P.M.

Caring heads a consortium of investors, alongside long-time associate Stephen Sharp, that has agreed in principle a £330m three-year facility to complete the acquisition of the US Navy’s former headquarters in Grosvenor Square from Ireland’s NAMA.

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