PropertyEU

RREEF gets EUR 47m refinancing for Portuguese resort

By A staff reporter 2008-07-25T00:00:00

Hypo Real Estate Bank International announced on Tuesday that it had completed a EUR 47mln refinancing for RREEF Alternative Investments' Penha Longa Hotel, Spa and Golf Resort in Portugal. A fund managed by RREEF Alternative Investments acquired the resort in 2003. The subsequent enlargement and refurbishment programme has won several ...

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