Russian property builder AFI Development said it has received a refinancing loan for its Four Winds mixed-use building in Moscow from the Russian MDM Bank. The new loan, totaling $150 mln (EUR 101 mln), is to be repaid in the next eight years. AFI Development owns a 50% stake in the office scheme which has a total area of 28,000 m[sup]2[/sup]. The complex is fully leased out to three tenants and consists of two 10-storey buildings providing 17,500 m[sup]2[/sup] of office accomodation, 3,400 m[sup]2[/sup] of retail space and a parking area of 5,000 m[sup]2[/sup]. Four Winds is located in the Tverskoy district of Moscow to the northwest of the city centre.
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