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Grivalia Properties lands €75M standby facility

Diversified real estate investment trust Grivalia Properties REIC obtained a €75 million standby facility to refinance certain past investments and to fund future investments.

The facility, which will be provided by Eurobank Ergasias Group and fully covered by Bank Eurobank Ergasias SA and Eurobank Pvt. Bank Luxembourg SA, will be available as a common bond loan secured with pledges that will be progressively drawn.