Liberty International plc said its wholly owned subsidiary Capital Shopping Centres plc signed a new £650m seven-year term and revolving loan facility with specialist commercial real estate bank Eurohypo.
The new loan facility replaces the current 550 mln stg non-recourse loan secured on the unit´s flagship regional shopping centre, Lakeside, Thurrock.
The additional 100 mln stg under the new loan will be available for general corporate purposes including the financing of Liberty International´s 1.3 bln stg development programme, predominantly focused on prime UK regional shopping centres.
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Source: Freeman News
