Henderson secures debt finance for UK mall fund

Henderson Global Investors has secured debt finance on behalf of its £650 mln (€779 mln) UK Shopping Centre Fund.

The £100 mln (€120 mln), 5-year facility has been provided by RBS at an all-in cost of debt of 3.5%.

Andrew Rippingale, head of property finance at Henderson Global Investors, commented: 'The successful financing secured is testament to the confidence and strength of prime shopping centres in the UK retail market, which are among the largest, most established and liquid real estate sectors in Europe. The finance provides the fund with further stability to deliver on a number of key asset management and development initiatives over the remainder of the fund life.'