Guernsey-based closed-ended investment company Argo Real Estate has secured a EUR 75 mln loan facility with Marfin Laiki Bank. The loan, in conjunction with the firm's equity, will be used for the construction of the first phase of the 110,000 m[sup]2[/sup] Riviera Shopping City shopping mall in Odessa, Ukraine. The Real Hypermarket and Obi-DIY-anchored scheme will be opened in stages during the course of 2009 .
Portuguese real estate investor and developer Bondstone is investing around €70 mln in a residential development in Belas Clube de Campo, municipality of Sintra, Portugal.
