Liberty International has completed a £303.5m securitization on its Harlequin shopping centre in Watford.
The loan, arranged by Eurohypo, will be financed through the issue by Opera Finance of commercial mortgage backer securities and has an expected maturity of April 2015.
The proceeds of the loan will be applied towards refinancing the Harlequin property and the general corporate purposes of the borrowers.
The financing follows on from the securing of a £406.5m loan for the company’s Braehead shopping centre and its retail park in Renfrew, Glasgow, in February. The loan was also arranged by Eurohypo.
References: EGi News 15/04/05
