By continuing to use the site you agree to our Privacy & Cookies policy

Your browser seems to have cookies disabled. For the best experience of this website, please enable cookies in your browser.

Close

Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Close

Another blow for King Alfred scheme as financial backer pulls out

The future of Karis’ King Alfred development in Hove is lying in tatters after Dutch bank ING pulled out of the scheme.

It heaps more bad news onto the developer, which earlier this month confirmed it had lost its stellar architect Frank Gehry, and has since been accused of breaching a Section 106 agreement (AJ online 25.07.08).

The AJ understands that the joint venture company, Karis Holdings, now solely comprises Karis Developments, which, according to a spokesperson, is talking to the council and other potential suitors.

A Karis spokesman said: ‘We still remain very committed to the scheme. We are trying to talk as openly as possible with the council and other possible investors.

‘We are still hoping to work with the council with the current design, and it would be fantastic if that would involve working with Frank Gehry again.’

Have your say

You must sign in to make a comment.

The searchable digital buildings archive with drawings from more than 1,500 projects

AJ newsletters