Gazprombank and FPC Garant-Invest, one of the players on the Russian commercial real estate market, have entered into a deal to refinance a loan previously issued to a developer by another credit institution. For this, the parties signed an agreement with a credit limit of 5.1 billion rubles, the press service of the bank said.
The security was provided by an innovative shopping center (TC) “Gallery Airport”, built by “Garant-Invest” in 2003. Even then, the object set new standards for commercial real estate. It is noted that at the end of 2021, the TC went through several stages of deep modernization and renovation based on ESG technologies that reduce the negative impact on the environment, reduce the cost of building maintenance and increase the level of comfort.
According to Alexander Samozhenkov, Deputy Head of the Project and Structured Finance Department – Head of the Directorate for Financing Projects in Real Estate at Gazprombank, the bank has extensive experience and professional competencies in financing various segments of real estate.
“In our opinion, the demand for regional format shopping centers with a rented area of up to 10 thousand sq. M. Will continue in Moscow. m, including high-quality and modern retail and food court. In this regard, we consider it promising and interesting to participate in the financing of the Gallery Airport shopping center, which fully takes into account the basic needs of the townspeople, “he said.
Samozhenkov added that “the client sets himself ambitious tasks, and we hope that the signed agreement will contribute to their early implementation.”
It is noted that the deal with GPB will allow FPK Garant-Invest to continue the progressive development in the construction market and purchase of new real estate, as well as to modernize existing shopping and office centers using green technologies.
FPK “Garant-Invest” works in the field of development, redevelopment and operation of urban commercial real estate. Its shopping mall takes into account all of today’s “post-like” trends: an increase in the function of catering and the service sector, and minimal classic retail – for example, clothing stores.
Source: Rosbalt
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