Peel agrees £266m loan

Peel Land & Property has completed a £266m refinancing deal with five banks.

Barclays, HSBC, Lloyds Bank Commercial Banking, RBS and Santander provided the corporate loan facility.

A spokesamn for Peel said: "Peel Land & Property is at the heart of the Peel Group with a diverse portfolio of business activities covering transformational developments including MediaCityUK and Liverpool Waters, alongside commercial offices, retail and business parks; sports and leisure venues, residential development and agricultural land across the UK."

Peel Land & Property was represented by Travers Smith; the lenders by Berwin Leighton Paisner.