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RDI REIT gets caught in loan cash trap despite successful trading update

Aviva loan on four shopping centres triggers LTV covenant breach.
By Mike Cobb
CoStar Analytics
February 28, 2019 | 12:04 P.M.

RDI REIT has posted good results from its move into Hotels and serviced offices but has been caught in the cash trap of a long term financing secured against four legacy retail assets according to a trading update.

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