UK REIT Refinances London Serviced Office Portfolio for £75m

August 21st, 2019 - By Jo Meunier (née Disney)

UK REIT Refinances London Serviced Office Portfolio for £75m

RDI REIT, a UK-based real estate investment trust, has completed the second and final stage of a £75 million refinancing deal for its London serviced office portfolio. Click To Tweet

RDI, which owns properties in the UK and Germany, has refinanced two existing loans that were due to mature in December 2019 and August 2022. The facility has been provided by Aberdeen Standard Investments for a seven-year term.

The four offices are based in Central London and have a current occupancy rate of 94.5%.

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Stephen Oakenfull, deputy chief executive of RDI, said: “We are very pleased to have concluded this refinancing with Aberdeen Standard Investments and to have established a new funding relationship for the Group.

“This refinancing has allowed for the proactive extension of our debt maturity whilst providing us with greater operational flexibility.”

Read The Original Article on Property Week

ABOUT Jo Meunier (née Disney)

Jo is AllWork's Senior Editor for the UK and Europe. Jo has worked within business centre and coworking circles since 2009, researching and contributing written features for numerous industry publications. She reports on the latest market news and delves into local issues with one main objective: to champion the flexible workspace industry and its members. Get in touch with Jo here or via [email protected]. View all posts by Jo Meunier (née Disney)

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