Alpha Bank Group has provided a €175 million financing to the British M Core for the acquisition of several shopping centres in Romania.
Alpha Bank Greece, its Luxembourg branch, and Alpha Bank Romania have financed, through four transactions, several companies part of the M Core group for the acquisition of multiple real estate assets.
Additionally, Alpha Bank Greece and its Luxembourg branch provided financing to M Core for the acquisition of a portfolio of seven fully-occupied strip mall-type shopping centres from MAS PLC.
These projects, with a total leasable area of approximately 32,000 sqm, are located in Slobozia, Focșani, Râmnicu Sărat, Târgu Secuiesc, Sebeș, Făgăraș, and Gheorgheni,
The financing also covered Focșani Shopping Centre and Suceava Shopping City with a total leasable area of approximately 88,100 sqm.
Law firm Dentons has advised Alpha Bank on the financing deals.
