Gri­valia se­cures IFC loan fa­cil­ity

Kathimerini English - - Focus -

Greek real es­tate­com­pany Gri­valia Prop­er­ties has ar­ranged a 50-mil­lion-euro credit fa­cil­ity with the World Bank’s In­ter­na­tional Fi­nance Cor­po­ra­tion, the IFC said yes­ter­day. Gri­valia will use the long-term loan fa­cil­ity to im­prove en­ergy ef­fi­ciency in its real estate port­fo­lio and for ac­qui­si­tions. The com­pany man­ages a com­mer­cial prop­erty port­fo­lio in Greece and Eastern Europe in­clud­ing of­fice, re­tail and lo­gis­tics as­sets rented by banks, re­tail­ers and man­u­fac­tur­ing com­pa­nies. Its main share­holder is Canada’s Fair­fax Fi­nan­cial Hold­ings with a 41.5 per­cent stake. “Our en­gage­ment in the busi­ness in­fras­truc­ture space is about re­build­ing con­fi­dence in Greece,” To­masz Telma, IFC re­gional

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