Shaftesbury Capital signs for new £200 million 10-year loan

Chicago, Aug. 14 – Shaftesbury Capital plc signed for a new £200 million long-term loan facility with a 10-year tenor, according to a press release.

The loan will be secured against a portfolio of assets within the Carnaby estate. Other loans for £130 million and £120 million already are secured by the same portfolio.

The blended interest rate over all three loans is 4.7%.

The company and the Aviva Investors, the lender, will consider the future inclusion of specific sustainability-related metrics.

Proceeds will be used to repay in part the £576 million loan, which was drawn in April to fund the repayment of Shaftesbury plc secured bonds.

The company was advised on the facility by Rothschild & Co.

Shaftesbury is a central London mixed-use real estate investment trust.

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