This article is from the Australian Property Journal archive
TWO Becton managed funds have negotiated short term extensions with Westpac Bank.
Westpac has extended the facilities of $21.75 million in the Southlands Boulevarde Property Trust and $69.15 million in the Becton Retail Fund, which were due to expire on June 11 2010.
Both facilities have been extended to July 12 2010 to allow for the settlement of the sale of Southlands Boulevarde Shopping Centre.
Proceeds of sale will be applied to fully repay the Southlands Facility and reduce the debt on the Retail Fund Facility.
Australian Property Journal
