FINANCE: Wells Fargo, CIBC and Lloyds Banking Group have provided Oxford Properties with a £250m debt facility.
The trio of lenders have provided the revolving credit facility, which is guaranteed by Canadian parent OMERS pension fund.
Oxford said the facility will expand its funding sources for current and future projects and for capex on management-
intensive assets.
The deal comes after Oxford and its partner Brookfield secured a £130m development loan from Wells Fargo for the 500,000 sq ft London Wall Place, EC2.
Bridget.O’Connell@estatesgazette.com
