In QuotedData’s other news 17 February 2020
- GCP Asset Backed Income has earned £1m from an early repayment fee as loans it had made that were secured against two co-living properties were repaid – the £49m freed up was immediately redeployed as £53m was lent to the same borrower. The new loan totals £140m (with the other funds coming from Deutsche Bank) and is for a four year period. The borrower intends to use the money to build out its current pipeline of projects.
- Greencoat Renewables has bought Letteragh Wind Farm, a 14.1MW wind farm situated in County Clare, for €35.4m. This brings Greencoat Renewables’ portfolio of operational wind assets to 476MW. The wind farm consists of 6 Enercon E92 turbines that have been operational since December 2019. The revenues are contracted under the REFIT 2 scheme, providing long term guaranteed minimum floor price for the electricity generated until 2032. Enercon will continue to manage the operations and maintenance contract.
We also have news of a big corporate action from Summit Properties and plans for a fundraise at Warehouse REIT