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Legal & General Property issues £300m senior debt financing mandate

Legal & General Property (LGP) is looking to raise £300m in senior debt from two lenders to finance the leveraged component for the UK property fund manager’s successor UK Property Income Fund (PIF).
By James Wallace
March 5, 2013 | 8:21 P.M.

PIF II like the inaugural fund with a gross, fully invested value of £475m will be a UK core-plus fund which allows investors to individually customise their own leverage appetite.

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