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Tim Knowles fronts Brunel Shopping Centre loan purchase with Deutsche Bank arranged financing

Tim Knowles’ FI Real Estate Management (FIREM) has fronted the acquisition of the defaulted Brunel Shopping Centre loan, secured by the 550,692 sq ft centre in Swindon, for £68m, financed with three-year £68.0m secured unrated corporate bond arranged by Deutsche Bank.
By James Wallace
October 28, 2015 | 5:09 P.M.

FIREM, which will lead the asset management, has acquired, with its backer, the Brunel shopping centre for 2% premium to its £66.5m valuation in March 2015 by Knight Frank, and approximately 28.6% discount to the loan’s £95.2m nominal unpaid balance.

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