Overview

ICBC provides GBP 40 million loan to TR Property Investment Trust in November 2020

Commitments (Constant USD, 2023)$52,909,427

Commitment Year•2020Country of Activity•United KingdomDirect Recipient Country of Incorporation•United KingdomSector•Business And Other ServicesFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Nov 1, 2020

Start (actual): Nov 1, 2020

End (actual): Nov 1, 2020

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Commercial Banks

Industrial and Commercial Bank of China (ICBC)

Receiving agencies

Private Sector

TR Property Investment Trust

Loan description

ICBC provides GBP 40 million loan to TR Property Investment Trust in November 2020

Interest type•Unknown

Narrative

Full Description

Project narrative

In November 2020, the Industrial and Commercial Bank of China (ICBC) renewed (see Record ID#99833) and increased a loan facility with TR Property Investment Trust plc, a UK-based property investing firm. As of March 31, 2021, 15 million GBP had been drawn on the GBP 40 million facility. The exact terms of the loan are unknown.