A consortium of banks has advanced a £190 mln (EUR 210 mln) loan to Bicester Village in Oxfordshire. Bicester Village is managed by Value Retail under the Chic Outlet Shopping Villages in Europe brand. The centre features over 130 luxury designer brands. WestImmo Bank said that after 14 years the outlet village continues to deliver double-digit annual growth, underpinning its top market position.
A consortium of banks has advanced a £190 mln (EUR 210 mln) loan to Bicester Village in Oxfordshire. Bicester Village is managed by Value Retail under the Chic Outlet Shopping Villages in Europe brand. The centre features over 130 luxury designer brands. WestImmo Bank said that after 14 years the outlet village continues to deliver double-digit annual growth, underpinning its top market position.
The funding was structured and arranged by WestImmo with lenders DG Hyp, Helaba, RBS, Santander and WestImmo. WestImmo is facility agent. The borrower was advised by the Royal Bank of Scotland and CMS Cameron McKenna. The lenders were advised by Travers Smith.
Charles Mackintosh, Value Retail's director of Finance said, 'We are very pleased that the banking market has indicated strong confidence in Bicester Village, reflecting the continuing strong performance of this exciting business and the depth of our banking relationships.'
