HVB lends 45m euros to Plaza Romania

Bank Austria Creditanstalt/HVB granted a 45 million-euro loan to fund the Plaza Romania project to be opened in Bucharest this month by Anchor Grup. “The investment in the building of the Plaza Romania shopping complex amounts to 35 million euros. Besides the actual construction, the loan is intended to fund the acquisition of the land and of other components of the project that are not part of the actual construction,” Ali Ergun Ergen, Anchor Grup chief executive told Ziarul Financiar. He did not comment further on the maturity of the loan. The Plaza Romania complex due to open the last week of this month is the second mall-type complex Anchor Grup has developed on the Romanian market. For the last five years, the company has been running the first ever mall to open on the Romanian market, Bucuresti Mall, located in the Vitan area of Bucharest. ZF