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Centrus expands property sector activity with advice to Grainger Plc owned and managed GRIP Unit Trust

On 19th June 2015, GRIP Unit Trust (“GRIP”), the market-let UK residential property fund owned by APG and Grainger closed a term loan, revolving credit facility financing and the ancillary interest rate hedging.

Centrus provided advice to GRIP covering the business plan analysis, commercial review of the facility agreement, analysis of hedging strategies, derivative documentation negotiations and management of the hedging implementation process.