Romania's Anchor Grup Gets 57.6 Mln Euro Loan to Refinance Anchor Plaza Office Building

The company will use the loan to refinance its Anchor Plaza office building, Anchor Grup said in a statement. Anchor Plaza was opened in 2006 and has some 26,000 square metres of lettable space.

Anchor Grup (www.anchorgroup.com), part of Turkish group FIBA, has completed three major investment projects in Bucharest: Bucharest Mall and Plaza Romania Mall and the Anchor Plaza office building. It is also developing a residential project called InCity Residences and the Anchor Plaza Metropol business centre in the Romanian capital.

Anchor Grup expects to open its first retail centre in neighbouring Moldova, Shopping MallDova, by the end of this year.

In July last year, Anchor Grup got another 150 million euro from Eurohypo to fund its real estate projects in Romania.

Eurohypo opened its first office in the EU newcomer in early 2007.

($ = 0.736 euro)