17th Sep 2021 20:35
GCP Asset Backed Income Fund Ltd - UK asset backed loan investor - Says certain entities within Co-living Group were placed into administration. Company, together with the co-lenders, in its loan to Co-living along with an operator, have proposed to fund an acquisition vehicle with the intention of completing a credit bid in respect of six of the Co-living's assets to maximise returns. The six assets are a split of three operational assets and three development assets. Five of the assets are situated in London with one asset in New York.
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By Arvind Bhunjun; [email protected]
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