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Brixton's Equiton Industrial Partnership Raises New Finance

LONDON-Equiton, the limited partnership between Brixton, Equitable Life and the Prudential has raised new finance from HSBC; Lloyds TSB Bank and Royal Bank of Scotland to fund new acquisitions in the industrial sector.

By Graham Parker | Updated on December 11, 2001

LONDON-The Equiton Industrial Partnership, the limited partnership made up of Brixton, Equitable Life and the Prudential’s Edger Investments has raised a £90 million ($130 million) syndicated facility from HSBC; Lloyds TSB Bank and Royal Bank of Scotland.

The facility is for 5 years, secured on the assets of Equiton with a maximum loan-to-value ratio of 60%. The proceeds will be used to refinance the existing assets and to provide Equiton with the capacity to acquire new properties. The maximum loan-to-value ratio under the facility is 60%.

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