Scottish Widows kicks off CRE lending with Custodian REIT deal

Scottish Widows has made its first foray into direct real estate lending with a £20m, 10-year term loan at 3.94% to Custodian REIT. The deal is believed to be the insurer’s first since it launched a debt platform in April with its parent, Lloyds Bank, to target the fixed-rate, long-term lending market in the UK.