The board of UK self storage company Big Yellow confirmed on Tuesday that it has completed the £325 mln (EUR 407 mln) financing of its portfolio. The real estate investment trust, or REIT, announced at the start of the month that it has arranged the loan with Germany's HSH Nordbank to replace a similar facility provided by a syndicate of banks led by the Royal Bank of Scotland.
The board of UK self storage company Big Yellow confirmed on Tuesday that it has completed the £325 mln (EUR 407 mln) financing of its portfolio. The real estate investment trust, or REIT, announced at the start of the month that it has arranged the loan with Germany's HSH Nordbank to replace a similar facility provided by a syndicate of banks led by the Royal Bank of Scotland.
The new facility is secured by fixed charges over Big Yellow's portfolio of self-storage properties which provide nearly some 300,000 m2 of space.
