1st Aug 2016 06:43
LONDON (Alliance News) - Tritax Big Box REIT PLC on Monday said it has agreed terms to extend the maturity of its GBP50.9 million loan facility secured on the Ocado distribution warehouse in Erith, south east London, by three years to July 2023.
The new terms were agreed with German bank Landesbank Hessen-Thuringen after the distribution warehouse was completed, Tritax said.
Tritax added that, when taking into account all its hedging arrangements, the all-in capped cost of borrowing is 2.86%. The company has 99.7% of its drawn debt subject to hedging arrangements, it said.
By Hannah Boland; [email protected]; @Hannaheboland
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