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Articles - loans

Helios Phoenix takes out EUR21.3 mln loan to finance Romanian logistics parks

Greek industrial park developer Helios Phoenix got a EUR 21.3 million loan from Alpha Bank London to refinance its Olympian parks in Timisoara and Brasov.

Papalekas takes out EUR 30 mln loan to refinance Tower Center International

Greek business man Ioannis Papalekas borrowed EUR 30 million from BCR to refinance office building Tower Center International (TCI). The building counts Hidroelectrica and the Ministry of European Funds among its tenants, writes ZF.

AFI Europe to get EUR 32 million loan from BCR to finance office buildings

BCR lends EUR 32 million to AFI Europe for the completion of the office buildings AFI Park 2 and AFI Park 3. The financing includes EUR 17 million investments loan for AFI Park 2 and a development loan of EUR 15 million for AFI Park 3.

NEPI’s plans for EUR 100 million obtained through capital increase

South-Africa’s investment fund NEPI, one of the most dynamic investors in the Romanian real estate market, intends to use half of the amount of EUR 100 million obtained through capital increase for paying back loans, the rest of the money targeting new acquisitions.

EUR 35 million loan for the development of the new Obor Mall

Businessman Florin Pogonaru intends to borrow EUR 35 million for the financing of the mal he intends to build near Obor market in Bucharest through its company Prodplast Imobiliare, whose capital should be increased with more than EUR 10 million for the same purpose.

Buzoianu takes EUR 10 million loans for Felinvest

The shareholders of the real estate development company Felinvest in Cluj-Napoca (FEL), controlled by the businessman Octavian Buzoianu, have approved two loans for real estate investments, with a total value of EUR 10.2 million.

Isarescu: Potential real-estate boom caused by low interest rates

The low interest rates implemented throughout Europe could generate a new wave of investments in land properties and construction projects, many of which are speculative in nature because people who have savings will want a reward for the money they have set aside, BNR governor Mugur Isarescu said in the opening speech for the statistics colloquium.

NEPI secures €20m to refinance Galati mall

NEPI secured a €20m loan from Garanti Bank to refinance Shopping City Galati.

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