Criterion preps £500m PRS war chest after £1bn refinancing

Criterion Capital is planning to deploy up to £500m into London’s private rented sector (PRS) market after refinancing £936m of debt with Aviva. The London-based property company, headed by Asif Aziz, carried out one of the largest refinancing deals this cycle when it secured long-term loans on 35- and 50-year ‘gilt based’ terms.