Tag Archives: Land Securities

Land Securities closes £1.3bn secured RCF at 75 bps headline margin

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Land Securities has announced a new £1.3bn secured revolving credit facility (RCF) at an initial LIBOR margin of 75 basis points with an initial eight-bank club of international lenders. The initial five year RCF, which Land Securities has an option to … Continue reading

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LandSecs’ JV secures £195m three-bank senior and development facilities

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Land Securities and Frogmore Real Estate Partners have secured a two-tranche £195m three-bank refinancing with the Royal Bank of Scotland, DekaBank and ING Real Estate Finance, including a competitively-priced development margin for their central London joint venture fund. Oriana Limited … Continue reading

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LandSecs and BL to repay £120m JV CMBS debt on Aberdeen shopping centres

Land Securities and British Land’s joint venture Scottish Retail Property Limited Partnership is to repay the £119.5m loan securing their Bon Accord and St. Nicholas shopping centres in Aberdeen, when the securitised loan matures in July. CoStar News understands that … Continue reading

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LandSecs eyes top up to six-bank £1bn revolver as Noel succeeds Salway

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Land Securities, the UK’s largest REIT, is in talks with a raft of banks to extend its £1.05bn revolving credit facility (RCF), signed last month with six banks across two tranches, CoStar News can reveal. The Royal Bank of Scotland, … Continue reading

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Francis Salway steps down from Land Securities

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Francis Salway, chief executive of Land Securities, is to the UK’s largest REIT at the end of March, bringing to an end an eventful eight-year tenure in which he has overseen substantial growth, conversion to a REIT five years ago … Continue reading

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LandSecs director quits to join Tchenguiz refi drive

Land Securities corporate finance director William Cooper has quit the UK’s largest property company to work on exploring refinancing opportunities for Vincent Tchenguiz’s commercial and residential portfolio at Consensus Business Group. Cooper, who left Land Securities just before Christmas after … Continue reading

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Land Securities closes £1bn revolving debt facility

Land Securities, the UK’s largest property company, has closed a £1bn revolving credit facility, in the largest domestic debt refinancing of the year and on terms which reflect the growing influence of ancillary business in banking negotiations. The real estate … Continue reading

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LandSecs’ £1.5bn debt refinance talks underway

Land Securities, the UK’s largest property company, has begun talks with banks to refinance its £1.5bn revolving credit facility by the end of the financial year, as part of a strategy to materially pare back it total debt facilities, CoStar … Continue reading

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British Land posts solid results

British Land, the second-largest listed property company in the UK, posted a 9.9% jump in pre-tax profits to £256m, driving net asset value per share up 12.5% to 567p. The strong performance was the result of a 6.9% increase in … Continue reading

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