Shaftesbury Capital secures £200m loan from Aviva
Shaftesbury Capital has secured a 10-year loan of £200m from Aviva Investors, secured against its portfolio of assets within the Carnaby Estate.
The facility will sit alongside Shaftesbury Capital’s existing loans with Aviva Investors of £130m and £120m, set to mature in 2030 and 2035 respectively.
Shaftesbury Capital, which owns a Central London estate comprising much of the West End, said financing demonstrates a continuation of its strong relationship with Aviva Investors and underlines the attractiveness of its portfolio to a broad range of institutional capital.
The loan will be used to repay part of a £576 million unsecured loan which was withdrawn in April 2023 to fund the repayment of Shaftesbury’s secured bonds, shortly after its merger with Capital & Counties.
Situl Jobanputra, chief financial officer of Shaftesbury Capital, said: “We are pleased to have extended our relationship with Aviva Investors through the new long-term financing of £200 million, which enhances the company’s debt maturity profile and highlights the attractiveness of our exceptional portfolio.”
The real estate investment trust recently said that it had seen “excellent momentum” following its merger, with high footfall across the West End buoyed by increasing international visitor numbers.