In June 2024, we successfully refinanced a £552m tranche of our £1.1bn syndicated unsecured multi-currency revolving credit facility (RCF).

The transaction means that the full £1.1bn RCF, originally signed in 2021, has been refinanced in the past year, securing our medium-term committed liquidity to support our international urban property business.

The facility will support general corporate purposes and further enhance our capacity to respond to opportunities, market shifts and other priorities, such as the business’s global commitment to decarbonise our activities in line with science-based targets.

Grosvenor has again benefited from the strong support of its group relationship banks during this refinancing, with NatWest, Santander and SMBC appointed facility coordinators and bookrunners, and Bank of China Limited (London branch), Bank of East Asia Limited (London branch), Bank of Nova Scotia, BNP Paribas, Crédit Industriel et Commercial, DBS Bank Ltd. (London branch) and Royal Bank of Canada acting as mandated lead arrangers.