PropertyEU

Lenders terminate Valad's management contract with Kefren

By A staff reporter 2011-04-28T00:00:00

Valad Property Group said it has received notice of the termination of its $726 mln (EUR 490 mln) investment management mandate with Kefren of Sweden after the company's senior banks decided to call up their loans and apply for Kefren's bankruptcy. Kefren had been in talks with its creditor banks ...

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