Wednesday, December 27, 2006

House of Fraser Completes £60 Million Sale Leaseback of London HQ

Times Online - December 27, 2006

Highland Acquisitions, the Baugur-fronted consortium, has completed a sale and leaseback of House of Fraser’s headquarters for an estimated £60 million a month after completing its £351 million buyout, The Times has learnt. The sale of the building in Howick Place in Victoria, Central London, to Terrace Hill, an AIM-listed developer, has delivered funds well in excess of a £35 million bridging loan taken out with HBOS. Sphere: Related Content

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