LONDON -(Dow Jones)- The U.K.'s largest retail landlord, Liberty International PLC (LII.LN), is seeing the return of confidence to debt markets, said Chief Executive David Fischel.
Fischel expects to the firm to close its first refinancing early and has recently concluded a GBP290 million debt facility secured on the newly opened shopping center, St. David's in Cardiff, Wales.
The firm's next refinancing—-on its flagship Lakeside Thurrock shopping center in the London area—-is due in the middle of 2011. But Fischel said he expects to refinance this debt next year, and has already been approached by lenders.
"There is money available for quality," he told Dow Jones Newswires. Lakeside Thurrock is valued at GBP877 million.
-By Anita Likus, Dow Jones Newswires; +44 20 7842 9407; anita.likus@dowjones.com