CA Immo Group: Project pipeline in Eastern Europe according to plan
CA Immo International: project financing in Moscow obtained
In the middle of the current crises CA Immo International - in which CA Immo holds a stake of more than 59% - reached two milestones regarding a major office development in Moscow: the zoning permit for the project was granted and a € 133m loan contract was signed at attractive terms. The financing of the project “Maslov Tower” was granted by Bank Austria and UniCredit Bank Russia. The loan covers the total investment costs as well as the financing costs during the construction period as well as a VAT facility, the equity ratio amounts to 30%.
Thursday, 25. September 2008 16:30