21st Jan 2016 06:56
LONDON (Alliance News) - Lloyds Banking Group PLC provided the GBP185 million financing of a designer outlet village at London's O2 Arena, the Financial Times reported, in what is the bank's largest commercial property development loan since the 2008 financial crisis.
The loan - fully underwritten by Lloyds - was made to AEG, which is the owner of the O2, and its joint venture partner Crosstree Real Estate Partners.
http://www.ft.com/cms/s/0/896243ea-bf8a-11e5-846f-79b0e3d20eaf.html#axzz3xrL2qBht
By Samuel Agini; [email protected]; @samuelagini
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