By David Parsley2019-10-08T06:20:00
Schroder REIT has agreed a £129.6m refinancing with Canada Life Investments, extending the term of its lending from 8.5 years to 16.5 years.
The loan reduces Schroder REIT’s total annual interest rate from 4.4% to around 2.3%, which the group said would generate an immediate interest saving of around £2.8m a year.
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