Shaftesbury signs £125m loan

Shaftesbury, the West End landlord, said yesterday it has signed a new £125m five-year loan with Lloyds Bank in a refinancing deal. The facility will replace an existing £125m loan which was due to expire in April 2016. “This will strengthen the group's financial base by improving the maturity profile of its debt and diversifying the sources of finance,” the developer said yesterday.