Commitment to site is extended

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Thursday, April 14, 2011
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This is Leicestershire

The joint owners of a Leicester shopping centre have committed themselves to the site for another 10 years.

Under the deal, the Tesco and British Land partnership which owns Beaumont Leys Shopping Centre has secured a new £60 million loan facility.

The partnership is one of five joint ventures between British Land and Tesco, which own properties valued at £1.8 billion.

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