German Backers of Olympia to Inject £500M in Latest Financing

German investors are set to contribute an additional £500 million ($661 million) of equity as part of a refinancing of one of London’s biggest development projects.

Deutsche Bank AG has agreed to provide the Olympia redevelopment, which is backed by a consortium that includes pension fund Bayerische Versorgungskammer and insurer Versicherungskammer Bayern, a loan of about £900 million, according to people familiar with the matter.