Elephant and Castle shopping centre refinanced

By James Renoux-Wood - Fri 9 May 2014, 1:05 pm

A European specialist bank has provided a £40 million facility to refinance Delancey and APG's purchase of the Elephant and Castle shopping centre.

The facility, provided by pbb Deutsche Pfandbriefbank, refinances the initial acquisition which was completed in November 2013.

The 30,300sq m shopping centre is located on an island site in Elephant & Castle.

Charles Balch, head of real estate finance international, UK & CEE at pbb Deutsche Pfandbriefbank, said: “We are very pleased to continue our relationship with both Delancey and APG on an asset which we believe will be central to the regeneration of the entire Elephant and Castle area.”