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Topland chooses £350m portfolio refinance over sale

Topland has refinanced a £350m portfolio with Norwich Union Mortgage Finance after pulling it from the market last month.

The company said it decided to withdraw the 70-property package as the proceeds from the sale could be matched by refinancing it.

The portfolio provides £2.5m-£5m pa cash flow over the term of the loan.

References: EGi News 06/06/03

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