UK-focused REIT Schroder Real Estate Investment Trust has expanded its revolving credit facility with Royal Bank of Scotland International from £32.5m to £52.5m, providing additional undrawn capacity of £20m.
The REIT said that the extension “maximises operational flexibility and provides additional capacity for a pipeline of asset management initiatives and future income enhancing acquisitions.” Its current net LTV is circa 29%.
The additional loan amount matures in July 2023 and is co-terminus with the existing revolving facility.
