• Loan for Shiva

Insurance company Legal & General has agreed its first loan to a company in the hotel sector. It is advancing Shiva Hotels GBP37.5m on a 10 year term agreement. 

The loan is secured against the Hilton at Heathrow airport’s terminal 5, which opened in 2011. The insurer has broadened its lending during 2014, across a growing range of industry sectors.
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