This article is from the Australian Property Journal archive
BECTON Property Group has extended a number of debt facilities.
Becton negotiated two facilities, totaling $35 million, with Suncorp-Metway that expired on March 31 for 45 days.
Becton’s funds management business has extended two facilities with Westpac, $16 million in the Becton Office Fund and $69 million in the Becton Retail Fund.
The facilities were due to expire on March 31 and have been extended to April 30 2010.
Westpac also extended the Southlands Boulevarde Property Trust’s $22 million facility, which expired on March 31 to April 30 2010.
Meanwhile Becton’s retirement business secured a 45-day extension on two facilities with Suncorp.
The $16 million facilities fund a number of retirement development assets owned by the Oman Investment Fund and Becton.
Australian Property Journal
