British Land clinches new revolving credit facility at 90bps

British Land has put in place a new £485m revolving credit facility at a margin of only 90bps. BL logo croppedThe unsecured facility is the lowest arranged in the UK by a listed real estate firm this cycle and is a reduction of 25bps on the facilities it is replacing. The margin beats the previous lowest of 105bps, arranged by Great Portland Estates in October last year