Grainger has issued a £350m senior secured bond to support the business’s growth plans.
The bond, which is at a coupon of 3% for 10 years, will be used by the business to grow its PRS pipeline and repay a £200m short-term bank facility.
It will also increase the company’s weighted average debt maturity profile to 6.8 years.
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Including:
Mitsubishi Estates and Co-Re appoint Savills to help lease the development’s office space
Decision deferred on former National Institute of Agricultural Botany revamp
Developer has taken 10 storeys off proposals since first filing
Colliers appointed to lease 50,000 sq ft of office space in the Salford Quays development
