German lender BayernLB has provided a credit facility of over £56 mln (€67.7 mln) for the acquisition of the Eastgate Shopping Centre in Basildon in the UK county of Essex.
German lender BayernLB has provided a credit facility of over £56 mln (€67.7 mln) for the acquisition of the Eastgate Shopping Centre in Basildon in the UK county of Essex.
The centre was acquired for £88.6 mln (€109 mln) in January by a fund managed by InfraRed Capital Partners. The vendor was British Land.
Eastgate Shopping Centre comprises 77,000 m2 over 68 units and has food retailer Asda and department store chain Debenhams as its main tenants.
