Schroder REIT completes refinancing

Money £50 notes

Schroder Real Estate Investment Trust has completed a refinancing of its £129.6m term loan with Canada Life and its £20.5m revolving credit facility (RCF) with Royal Bank of Scotland (RBS).

The refinancing is in respect of the £25.9m portion of the Canada Life loan that was due to expire in April 2023, which has been extended by five years to end with the rest of the loan in April 2028. The fixed interest rate cost has reduced from a 4.77% to 3.09% on this portion of the loan, saving approximately £435,000 of interest a year.

This is premium content

You must be logged in to view premium stories.

Gated access promo

Subscribe for full access

Take out a print and online or online only subscription and you will get immediate access to:

  • Breaking industry news as it happens
  • Expert analysis and comment from industry leaders
  • Unlimited access to all stories, including premium content
  • Full access to all our online archive

To get access to premium content subscribe today

Alternatively REGISTER for a free trial to access up to 4 articles and sign up for email alerts

If you are already a registered user or a subscriber you can SIGN IN now