Dutch listed retail property group Corio has closed a EUR 100 mln loan with ING Real Estate Finance. The financing has a duration of two years and an interest rate of three months Euribor with a 250 basis points spread, the company said. The proceeds will be used for general corporate financing purposes.
Dutch listed retail property group Corio has closed a EUR 100 mln loan with ING Real Estate Finance. The financing has a duration of two years and an interest rate of three months Euribor with a 250 basis points spread, the company said. The proceeds will be used for general corporate financing purposes.
The company also said it has sold 13 properties to various investors at year-end 2008. The transaction amount comes to a total EUR 78.6 mln, which is approximately 4% below the book vale at year-end 2007. The deal reflects a net initial yield of 6.3%.
