277m refinancing deal for MediaCityUK Get business updates directly to your inbox+ oakley 10 sunglasses SubscribeThank you for subscribing!Home to over 200 businesses including the BBC and ITV, Manchester's MediaCityUK is the okey eyewear price largest purpose built creative, digital and technology community in Europe.The loan represents circa 55% Loan to Value and the banks are looking to launch syndication in the coming weeks.John Feeney, managing director, global head of commercial real estate at Lloyds said: "We are delighted to have supported Peel and Legal General on the financing of MediaCityUK."This transformational scheme is energising Salford Quays and the wider Greater Manchester and North West economies."As this new phase of ownership unfolds, we're proud to play a continuing role."Peel recently announced a joint venture with Legal General Capital, the principal investment arm of Legal General, in which LGC becomes a 50% shareholder in MediaCityUK.Both parties are said to be committed to a long term investment strategy for delivering future phases of MediaCityUK.Steven Underwood, chief executive of The Peel Group, said: "We are very pleased to have secured this facility, courtesy buy oakley sunglasses cheap of Citigroup and Lloyds Bank."It's an arrangement that builds on a long standing commercial relationship, which we regard as an important strategic partnership as we work with LGC on the exciting future development plans for MediaCityUK."Paul Stanworth, managing director of Legal General Capital, added: "We are delighted by this deal."Supported by two of L Groups' key banking partners, our investment with Peel in MediaCityUK is a significant step forward in our direct investment into major UK infrastructure and real estate assets, paving the way to further significant regeneration of Salford."In total, the estate comprises a 37 acre freehold site encompassing a range of office space, residential accommodation, hotels, retail and leisure facilities.Like us on FacebookFollow us on TwitterBusiness NewsletterCheetham HillLook inside: Joseph Holt brewery opens doors on site that dates back to 1800sHow Manchester's beer pioneers are standing strong in a time of fluctuating trendsThe KardashiansPrettyLittleThing, the Manchester brand supported by Kylie Jenner and Sofia Ritchie, is ranked fastest growing online fashion companyThe Manchester fashion house was launched by the sons of Boohoo founder Mahmud Kamani.
Manchester City CentreMicrosoft move 100 staff to Manchester city centreThe US headquartered firm is taking space in Neo, a newly launched 8m redevelopment on Charlotte Street.Manchester AirportBusinesses back call for direct flight to IndiaSecuring a route to one of India's major cities, such as Mumbai or Delhi, would strengthen developing ties oakley mens sunglasses cheap between the two destinationsBusiness NewsEY moves to new Manchester office at 2 St Peter's SquareThe company is the first tenant to move into the purpose built building.Cheetham HillLook inside: Joseph Holt brewery opens doors on site that dates back to 1800sHow Manchester's beer pioneers are standing strong in a time of fluctuating trendsBBCSteve Bartlett's Social Chain acquires viral gaming networkThe acquisition includes a large network of 'influential' video game related social media channels and websites.
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