Grosvenor Fund Management has raised around £80 million of equity and secured a debt facility for its Liverpool One retail scheme, Property Week reports. The equity for the Grosvenor Liverpool Fund was raised from existing investors, including Grosvenor, each of which will retain almost the same ownership interest in the scheme. The new equity enables Grosvenor to cut the fund’s debt facility from £457 million to £385 million. The new facility was offered by two of the fund’s existing banks, Royal Bank of Scotland and Eurohypo, along with two new banks, Deka and Credit Agricole.
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