XXI Century, the Ukrainian property investor-developer, has arranged credit facilities totalling EUR 45 mln with the local offices of BNP Paribas and Alfa banks. The facilities will be used primarily to finance the development of four modern shopping centres in Ukraine - Kvadrat Balzaka and Kvadrat Myloslavska in Kiev and mixed-use projects in Crimea and Lviv.

XXI Century, the Ukrainian property investor-developer, has arranged credit facilities totalling EUR 45 mln with the local offices of BNP Paribas and Alfa banks. The facilities will be used primarily to finance the development of four modern shopping centres in Ukraine - Kvadrat Balzaka and Kvadrat Myloslavska in Kiev and mixed-use projects in Crimea and Lviv.

XXI Century said the last two projects will be the company's first shopping centres outside the Kiev region, while the first two are part of the strategy to dominate the high-density residential communities on Kiev's left bank with modern malls.