The Local Shopping REIT said it has agreed a £60m debt facility with HSBC. It supersedes a £75m facility that was required to be fully drawn by April 2009. The new facility consists of a £25m term loan and a £35m revolving credit facility, both expiring in October 2016.
Lewis Ellis has announced the appointment of Charles Watson as a partner, joining from CBRE.
InfraRed Urban Logistics has acquired 162,000 sq ft of industrial space in St Helens from Network Space for £17.6m.
BidX1 and Foxtons have announced a partnership which will see BidX1 become the estate agent’s exclusive auction partner.
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