Tritax Big Box REIT has secured £13.2m in senior debt financing with Barclays to fund its distribution centre in Dove Valley Park, Derby.
The deal reflects a loan-to-value ratio of 43.2%, on a four-year term with a one-year extension term.
The blended margin payable across the company’s financing to date is approximately 1.76% above three-month LIBOR.
Following the drawdown of the loan, the group’s aggregate borrowings will be 35.1% of the group’s gross assets.
