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C&R in Mall refi

The-Mall-Luton-THUMB.jpegCapital & Regional has agreed a £372.5m refinancing of its Mall shopping centres.

TIAA has provided a £165m, 10-year loan and RBS has provided a £100m, five-year facility, both secured against centres in Blackburn, Maidstone, Walthamstow and Wood Green.

Wells Fargo has provided a £107.5m, seven-year loan secured against The Mall, Luton (pictured).

The refi has a blended cost of 3.27%. Rothschild advised.

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