Canada Life Asset Management completes £129m loan to Picton

Picton Tower Wharf in Bristol

Canada Life Asset Management has completed a £129m loan to subsidiaries of Picton Property Income.

The transaction incorporated a restructure of the company’s existing £80m facility with Canada Life Asset Management, with the loan being extended from July 2027 to July 2031 at a current interest rate, with additional coterminous debt of around £49m.

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