30th Jan 2019 11:25
LONDON (Alliance News) - Schroder Real Estate Investment Trust Ltd on Wednesday said it increased a revolving credit facility with Royal Bank of Scotland International to GBP52.5 million.
Prior to the increase, the facility amounted to GBP32.5 million. The GBP20 million upgrade will maximise the company's operational flexibility and provide additional capacity for a pipeline of asset management initiatives and future acquisitions, the firm explained.
The loan matures in 2023.
Schroder Real Estate Investment Trust shares were trading up 0.9% at 57.30 pence each.
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