- Ediston Property Investment Co's wholly-owned subsidiary, EPIC (No.1) Limited, has entered into a 10-year, £40m secured term loan agreement with Aviva Commercial Finance Limited.

The loan has been fixed at an interest rate of 3.09 per cent for the period of the loan as long as the loan-to-value ratio is maintained below 40%.

The loan is secured over the Company's existing property portfolio including the recently purchased property in Bath. The capital raised will be sufficient to fund the remainder of the current acquisition pipeline that was referred to in the March 2015 NAV statement, with a small amount of cash left over.

At 8:07am: [LON:EPIC] Ediston Property Investment Company Plc Ord 1p share price was +0.13p at 108.88p

Story provided by