Mitiska Reim Group takes EUR 123 million loan from Erste to refinance its portfolio

by   CIJ News iDesk V
2021-04-06   10:36

Belgian investor Mitiska Reim Group has obtained a EUR 123 million loan to refinance its Romanian portfolio, from Erste Group Bank. PeliPartners' lawyers assisted the group in obtaining the funding. The funds will be used for the completion of the new retail park built in Baia Mare, the expansion of the centers in Tulcea, Slatina and Mediaş, as well as to ensure liquidity to the shareholders who supported the development of the portfolio.

The company manages 24 shopping centers in Romania, with a total area of 132,000 sqm. The entire portfolio was developed and managed together with the local partner, Square 7 Properties.