LONDON (Alliance News) - Globalworth Real Estate Investments Ltd Friday said a EUR30 million debt financing facility for Tower Center International has been closed.
Tower Center International is the Romania-focused real estate investment company's office tower in Bucharest's central business district.
Banca Comerciala Romana, a member of Erste Group, provided the debt facility to Tower Center International, which is currently free of debt.
"The proceeds from the financing will be used for general corporate purposes of the company, including towards funding its current development projects and new asset acquisitions," Globalworth Real Estate Investment said in a statement.
Globalworth Real Estate Investments shares were untraded on Friday. They last traded at EUR6.75.
By Samuel Agini; samagini@alliancenews.com; @samuelagini
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Globalworth (GWI)