Hypo Real Estate Bank International has provided a EUR 43 mln acquisition and investment facility to Mermont Italy and Ability Real Estate. The transaction was completed on 20 December 2007 in connection with the acquisition of the Club Med Resort in Kamarina, Sicily.
Hypo Real Estate Bank International has provided a EUR 43 mln acquisition and investment facility to Mermont Italy and Ability Real Estate. The transaction was completed on 20 December 2007 in connection with the acquisition of the Club Med Resort in Kamarina, Sicily.
Harin Thaker, CEO Europe, Middle East & India at Hypo Real Estate Bank International, said: 'This transaction, signed at the end of 2007, demonstrates our ability to deliver complex financing solutions in demanding time frames - we look forward to working with Ability again in the future.'
