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$8M mezzanine loan for UK retailer.

Wien & Malkin Strategic Capital II L.P. has funded an $8 million mezzanine loan for a term of three years to U.K.-based Value Retail, which operates eight destination outlet shopping "villages" in Western Europe.

The funds will be used to continue Value Retail's development program.

Interests in one of Europe's most successful outlet centers--Bicester Village in Oxfordshire, between London and Oxford--is securing the mezzanine loan.

The loan will be repaid in U.S. dollars to eliminate currency exchange risk for the Wien & Malkin partnership.
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Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Nov 12, 2003
Words:86
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