January 18 (SeeNews) - In Bucharest story "NEPI Rockcastle borrows 60 mln euro to upgrade shopping centre in Romania" dated January 17, please read in the headline "NEPI Rockcastle borrows 60 mln euro to strengthen liquidity".
In the first paragraph, please read "incorporated in the Netherlands", instead of "incorporated in the Isle of Man", and "to strengthen the group’s liquidity position," instead of "to upgrade the recently acquired Ploiesti Shopping City mall in Romania," (correcting seat of incorporation and purpose of financing).
Also, in the fourth paragraph, please read "46,800 sq m leasable area," instead of " 55,000 sq m leasable area" (correcting figure).
A corrected version follows:
NEPI Rockcastle, a property investment and development group incorporated in the Netherlands, said on Tuesday it contracted a 60 million euro ($65 million) green loan to strengthen liquidity.
The green loan was granted by a syndicate of banks led by BRD Groupe Societe Generale, the company said in a press release.
The financing comes three months after NEPI took over 50% of Ploiesti Shopping City from French retailer Carrefour, following a 55.5 million euro deal, becoming the sole owner of the mall.
"In Romania, the largest market in which NEPI Rockcastle operates, we are in the process of reducing the impact of our portfolio on the environment by installing photovoltaic panels, with the aim of increasing our renewable energy use," NEPI Rockcastle Chief Financial Officer Eliza Predoiu said.
Ploiesti Shopping City opened in 2012 following a 65 million euro joint investment from Carrefour and NEPI, according to information posted on its social media page. The mall features a 46,800 sq m leasable area.
NEPI Rockcastle owns and operates shopping centres in nine Central and Eastern European countries, summing up a 5.8 billion euro portfolio as of end-2021. Its shares are listed on the Johannesburg Stock Exchange, Euronext Amsterdam and A2X.
BRD - Groupe Societe Generale SA is among the biggest banks in SEE, for more reference take a look at Top 100 banks