Joint venture debt
Some of the Group’s joint ventures have secured loans which are non-recourse to the Group. As at 31 March 2019, the Group’s share of these secured loans amounted to £85 million, broken down as follows:
Borrower | Lender | Amount outstanding | Maturity date |
The Great Ropemaker Partnership | RBS & Credit Agricole CIB | £90.0 million (GPE share £45 million) |
December 2020 |
The Great Victoria Partnership | Canada Life | £80.0 million (GPE share £40.0 million) |
July 2022 |