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EBRD Mulls 68 Mln Euro Loan for Shopping Mall in Croatian Town of Split

Nov 2, 2009, 7:13:10 PMArticle by Kire Nedelkovski
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November 2 (SeeNews) - The European Bank for Reconstruction and Development (EBRD) said on Monday it is considering providing a 68 million euro ($100.5 million) long-term debt facility for the construction of a third-generation shopping mall in Croatia's Adriatic town of Split.

EBRD Mulls 68 Mln Euro Loan for Shopping Mall in Croatian Town of Split

“The project will be carried out by Kaufmann i Hofmann d.o.o., a special purpose company, majority owned by Prof. Wolfgang Kaufmann Beteiligungs GmbH, BFK Beteiligungs GmbH and Toprent Vermietungs GmbH, Austrian real estate developers,” EBRD said in a statement posted on its website.

The shopping mall will have a gross lettable area of 68,000 square metres and will offer 2,600 parking spaces, the statement said.

The total value of the project is 136 million euro.

The proposed loan facility is pending an EBRD board review on November 25.

The project is planned to replicate the success of City Centre One in Zagreb, the developers' flagship project in Croatia, the statement added.

($=0.6766 euro)

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