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Birmingham Post
Birmingham Post
Business
Hannah Baker

£30m refinancing deal agreed for Yate shopping centre

Yate Next Poundland Tesco

Property lender Leumi UK has agreed a £30m loan to refinance a shopping centre and retail park in Yate, South Gloucestershire.

Yate Retail Shopping Centre and Riverside Retail Park are home to a range of major national brands including Tesco, M&S, TK Maxx, Next, Superdrug, Pets at Home, Poundland, Total Fuels, Lloyds Bank, McDonalds and Home Bargains.

According to Leumi UK, due to its location and "varied selection of stores", the site's long-term high occupancy and "strong performance track record" positions it well to withstand the challenges of the current economic landscape.

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