Delin Property has completed a refinancing deal for five UK logistics assets, after agreeing a £50.2m loan with Lloyds Bank Commercial Banking.
The assets, which are fully leased, measure a combined 1.2m sq ft.
Mark Kirkland, chief executive of Delin Property, said: “The facility underpins our strategy in the UK to hold and grow the portfolio by adding value in collaboration with our customers.”
The debt package was structured by Michael Shneerson and Sam Shah, both part of the global investors team within Lloyds’ real estate and housing franchise.
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