UK listed property company Helical Bar has signed a £75 mln (€88 mln) revolving credit facility with Barclays Bank.
UK listed property company Helical Bar has signed a £75 mln (€88 mln) revolving credit facility with Barclays Bank.
The new loan will see Helical Bar refinance £49.3 mln (€58 mln) of its existing debt, leaving £25.7 mln (€30 mln) available to fund future acquisitions.
Among the company’s assets included in the facility are the Shepherd’s Building and Broadway House office complexes in west London and a shopping centre in Newmarket.
The loan allows drawdowns of up to 63% of value and is repayable in October 2017.
