• Text size      
  • Send this article to a friend
  • Print this article

Highcross seals fund deal

PROPERTY fund manager Highcross has secured a new £175 million facility from a group of four banks.

The four-year funding package was led by Royal Bank of Scotland and Barclays with additional support from HSBC and Santander. The deal refinances the existing facility on an investment vehicle started in 2008.

The money will be used for asset management opportunities and begin the return of cash to investors as the fund makes disposals ahead of its maturity in 2018.

Contextual targeting label: 
Finance

Commenting & Moderation

We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis.
If you're a relatively new user then your comments will be reviewed before publication and if we know you well and trust you then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.

135309