Rocket client powers up with £77m loan

1-23 City Road (2)

Truscott Investments, a client of Rocket Properties, has secured a £77m five-year loan to refinance its hotel and retail development at 1-23 City Road near Old Street in London.

The loan from pbb Deutsche Pfandbriefbank will replace a previous facility on the 150,000 sq ft property that was set to expire in 2019.

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