Grosvenor Britain & Ireland has raised £250m in an oversubscribed private placement.
The new senior notes mature in 10, 15 and 22 years and will be placed with seven UK and US institutions.
The proceeds will be used to refinance existing debt and for general development purposes, including supporting Grosvenor’s West End estate, its strategic land business and its build-to-rent scheme in London’s Bermondsey.
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