Africa-Israel Investments Ltd. (TASE:AFIL; Pink Sheets:AFIVY) subsidiary AFI Europe BV has signed a financing agreement with Hypo Real Estate Bank International AG (DAX: HRX) for construction of the company's Cotroceni Park Mall in Bucharest. The bank will provide a six-year €234 million non-recourse loan at Eurobor plus a spread still to be agreed upon.
The high-end Cotroceni Park Mall will include 75,000 square meters of space, which AFI Europe expects to lease to international retailers. The second stage of the project also includes 60,000 square meters in five office towers to be built..
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment