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Urban Exchange owner bit by higher borrowing costs

13th February 2013

Urban Exchange in Manchester

Urban Exchange in Manchester

PROPERTY group Town Centre Securities today declared it was financially "robust", allowing it to look for property and car park acquisitions.The Leeds-based property investment and development company saw only a slight fall in half year profits due to a rise in borrowing costs following its refinancing.It has increased its occupancy levels to 97.9% and said its flagship Merrion Centre in the city was trading well with increased footfall and six new units due to be opened opposite the new Leeds Arena.The group said its Urban Exchang......for the full story register now for free or login below...

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