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Bruntwood lines up £120m loan

25th January 2013

Chris Oglesby, chief executive of Bruntwood, speaks at MIPIM

Chris Oglesby, chief executive of Bruntwood, speaks at MIPIM

PROPERTY group Bruntwood has agreed a £120m, 10-year loan with Legal & General Investment Management.

It allows the Manchester-based company, which has a number of assets in Yorkshire, to cut the cost of some of its debt by refinancing part of the £440m of Commercial Mortgage Backed Securities (CMBS) which were initially arranged through RBS in 2007.

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