£30m refinancing deal agreed for Yate shopping centre

Property lender Leumi UK has agreed a £30m loan to refinance a shopping centre and retail park in Yate, South Gloucestershire.Yate Retail Shopping Centre and Riverside Retail Park are home to a range of major national brands including Tesco, M&S, TK Maxx, Next, Superdrug, Pets at Home, Poundland, Total Fuels, Lloyds Bank, McDonalds and Home Bargains. According to Leumi UK, due to its location and “varied selection of stores”, the site’s long-term high occupancy and “strong performance track record” positions it well to withstand the challenges of the current economic landscape. The lender said there was “every expectation” the shopping centre would …
Read more…….