Royal Bank of Scotland has provided a new £145m debt facility to Aberdeen Asset Management’s Airport Industrial Property Unit Trust.
The unit trust, which invests in airport industrial warehouses across the UK, will have access to a revolving credit facility issued by RBS real estate finance team in Scotland.
The finance is an extension of a facility first taken in 2010 and will continue to be used for capital expenditure and acquisition of new assets.
The facility will allow the fund to continue to 2036 and invest in further assets across the South East of England with a focus on Heathrow Airport.
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