Canada Life enters student market with £31m loan

Canada Life Investments has backed UK REIT Empiric Student Property with a £31.1m 15-year fixed rate facility on eight UK assets. The new loan has a rate of 3.97% and is fixed up to a loan-to-value ratio of 50%. The eight assets are held as a lending group through an ESP subsidiary, Empiric Investments (Two) Limited.

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