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United Kingdom : TRITAX, BARCLAYS inks financing deal for ACQUISITIONS made earlier

June 5, 2014

Tritax Big Box Reit Plc., recently declared that is has inked a financing contracts with Barclays Bank PLC.

The deal was intended for the attainments it declared, Marks & Spencer East Midlands distribution centre at Castle Donington in Leicestershire in December 2013 and Tesco distribution centre at Southmead Industrial Estate in Didcot in early April.

In addition, for the attainments of Marks & Spencer East Midlands distribution centre, and GBP12.2 million for the Tesco distribution centre, GBP49.3 million of senior debt is being offered by the Barclays Bank.

On the assets, the two financing contracts are secured separately.

The financing for the M&S East Midlands distribution centre is for a five year term, with an option extend it before the end of the second and third years by up to seven years.

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Source: TendersInfo (India)

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