Intu Taps Trafford Centre CMBS Platform For Another Pounds 110M

Intu Properties, the shopping centers group that grew out of Capital Shopping Centres, is planning to issue Pounds 110 million ($183.13) of bonds secured by the Trafford Centre near Manchester. The deal is the latest offering from the Intu Trafford commercial mortgage-backed securities platform that...

Full description

Saved in:
Bibliographic Details
Published inTotal Securitization
Main Author McDevitt, Joe
Format Trade Publication Article
LanguageEnglish
Published New York Euromoney Institutional Investor PLC 03.02.2014
Subjects
Bond ratings
Commercial real estate
Leasing
Property values
Securitization
Shopping centers
United Kingdom > UK
Online AccessGet full text
ISSN1938-7504

Cover

More Information
Summary:Intu Properties, the shopping centers group that grew out of Capital Shopping Centres, is planning to issue Pounds 110 million ($183.13) of bonds secured by the Trafford Centre near Manchester. The deal is the latest offering from the Intu Trafford commercial mortgage-backed securities platform that the group has used since 2000. It then issued another set of bonds from the same program in 2005. There is around Pounds 700 million ($1.17 billion) of debt outstanding from those two transactions, according to data on Bloomberg.
ISSN:1938-7504