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Lloyds Bank syndicates £50m of Quercus debt to BAWAG

Lloyds Bank has sold a £50m slice of a two-tranche circa £225m senior loan secured by Quercus Healthcare Property Partnership to BAWAG, the Austrian lender majority-owned by Cerberus Capital Management.
By James Wallace
June 16, 2014 | 6:52 P.M.

Quercus Healthcare Property Partnership, the joint venture partnership between Aviva Investors and Quintain Estates, comprises assets in two areas of focus: nursing/care for the elderly and the care of younger adults with learning disabilities or specialist needs.

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