UK-based residential property owner Grainger has announced the injection of additional liquidity in its core UK debt portfolio through the raising of a £228mln (EUR 287mln) five-year revolving credit facility. The group's debt now averages a five-year maturity, with the main facility averaging four years. The main facility's first refinancing will be due in June 2010.
Portuguese real estate investor and developer Bondstone is investing around €70 mln in a residential development in Belas Clube de Campo, municipality of Sintra, Portugal.
