Aisi Realty to attract USD 65 mln loan

Aisi Realty (AISI LN: N/R) announced yesterday that wholly owned subsidiary Aisi Bela has signed an agreement with Marfin Popular Bank (Cyprus) to receive a loan for up to USD 65 mln, secured by assets and corporate guarantees. Proceeds will be spent on construction of Aisi’s Bela Logistics Park in Odesa, which has a total area of 108 ths m2. Alexander Romanov: The Bela Logistics Park is the biggest project within the company’s portfolio, with expected CapEx of over USD 100 mln. Aisi’s ability to secure financing for the project despite the tight credit market decreases the risk of construction delays, and will support investors’ confidence in the company.