Ores agrees new €35M loan

Ores agrees new €35M loan

 

According to the note sent to MAB, this loan will facilitate «the execution of the company’s business plan concerning future acquisitions» quotes EjePrime.

The loan will expire in 2023, and will be paid in a single installment: 28,1 millon euro to a fixed rate of 1,79% and 6,9 millon euros 3 months Euribor with a 0% floor  plus 1,35% margin, according to the Spanish newspaper.

It should be noted that by the end of the first semester, the REIT had already reached more than 90% of its investment plan, with only 30 million euro left to invest, to which should be added these 35 million.

Iberian Property logo Iberinmo logo
Iberian Property is the best platform for investment in Spain & Portugal. Created for those who seek reliable information about players and deals happening in Iberia. Through updated database, reports, market indicators and daily news, we report “Who’s Who” in Iberian Real Estate!. Iberian Property is also proud to organize the most important international real estate investors’ meeting in Iberia - Portugal Real Estate Summit!