UK-based Development Securities said on Thursday that it has completed the refinancing of part of its liability portfolio. It has now prepaid a £34 mln (EUR 44 mln) 8.3% fixed rate, secured term loan that was due for expiry in 2018. As part of the prepayment arrangements, the company paid a settlement amount of £5.9 mln to the loan provider. This amount will be eligible for tax deduction in 2008.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
