Printer Friendly

$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.
COPYRIGHT 2003 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Nov 12, 2003
Previous Article:Jones Lang LaSalle selected to sublease space for Wachovia.
Next Article:Fertilizer firm's Park Ave. move.

Related Articles
Vornado takes $200M loan on GM building.
Borrowing habits of US real estate holders changing.
$9m loan for hotel buy.
Ramsfield provides $9m mezzanine loan.
Hudson Realty celebrates $120m in deals in first year.
Nothing ventured, nothing gained.
REITs turning all that glitters into gold.
Mezzanine plan that adds up.
Third time's a charm for S-G.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters