Real estate funding is back: 70m euros in three transactions -
 Home Page  | News  | Exchange Rates  | Interbank Rates  | Central Banks  | Capital Markets Authorities  | Romanian Banks  | Archive  | Romanian  
 Finance-Banks  | Economy  | Business  | Capital Markets  | Real Estate  | Cars  | Travel  | HR Careers Education  | Media  | IT & C  | Environment 

News » March, 2011 » 9 March 2011

Real estate funding is back: 70m euros in three transactions
09.03.2011, 22:01 | Real Estate | 880 views

Banks have turned on the tap of funding for real estate projects again, with the development of two new malls - Electroputere Craiova and Colosseum Bucureşti - and the acquisition of the Praktiker store in Craiova being financed through bank loans worth a cumulated 70 million euros.

Consultants say small and medium-sized real estate funding - up to 40 million euros - can currently be negotiated with the local branches of foreign banks, while for higher amounts the approval of parent banks is necessary. The three real estate loans of the last few weeks have been granted by UniCredit (Electroputere), Bank of Cyprus (Colosseum) and Marfin Bank (Praktiker Craiova).


Latest news in category Real Estate

The Romanian Development Ministry significantly increases fines charged to homeowners and local authorities who fail to carry out technical inspections and start rehabilitation works on buildings considered to have a high seismic risk. read more...

30.05.2011, ora 11:57 | 1424 vizualizări
City Mall Bucharest To See Fourth Sale Attempt, At EUR23.58M
Bankrupt shopping center City Mall Bucharest will be put up for sale for the fourth time on June 10, in an auction starting at EUR23.58 million, some 30% less than the initial price of EUR33 million. read more...

City Mall shopping center in Bucharest, currently bankrupt, might find a buyer at the third auction, for a price of at least EUR 26.2 million, considering Casa de Insolvenţă Transilvania, the project's liquidator, sold a document detailing the conditions of contract to an interested investor. read more...

Subscribe to newsletter
News: Yes  No 
Exchange Rates: Yes  No 

Top news last 7 days

Publicitate pe acest site
Copyright 1999-2020 Pandora Impex SRL.