26th Aug 2022 17:46
Secure Property Development & Investment PLC - London-headquartered commercial property investor focused on south eastern Europe - Agrees to convert EUR2.5 million of the loan it extended in 2017 to Myrian Nes Ltd, a logistics property owner and developer in Romania.
Converts into a 50% equity stake in a joint venture company with Myrian Nes. The joint venture aims to develop a portfolio of logistics properties in Romania. The remaining part of the loan, which totalled EUR3.8 million at December 31, will be repaid in regular intervals. It is expected to be fully repaid by the end of 2022.
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By Heather Rydings; [email protected]
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