|
contents | business | |||||||||
| Valad Europe finalizes refinancing of DUKE Valad, the European multi-let real estate investment manager, announces the completion of a €1.1 billion refinancing of DUKE, its real estate joint venture with Lloyds Banking Group. This extends the term of the debt facilities to December 2016. The Diversified UK and European (DUKE) portfolio is a 50/50 joint venture between Valad Europe and Lloyds Banking Group created in July 2009, initially for a three year term. The portfolio comprises more than 100 multi-let office, industrial and retail properties located across the UK and Continental Europe comprising more than 1.3 million m² of space and accommodating more than 750 tenants. write your comments about the article :: © 2012 Construction News :: home page |