Major Loan to Immofinanz by Russian Sberbank

Published: April 11, 2012; 15:07 · (Vindobona)

The Austrian real estate company Immofinanz Group and the Russian Sberbank have concluded a long-term financing agreement with a volume of up to $ 715m.

Major Loan to Immofinanz by Russian Sberbank / Picture: © Sberbank

This ten-year loan will be used by the project development company, above all to repay the development financing provided by the parent company for the Golden Babylon Rostokino shopping center.

“The conclusion of this financing arrangement marks our second success in Russia in only a few days: at the end of March we reached an agreement with our…

This article includes a total of 286 words.

or Log In