Spanish real estate company Colonial has reached a binding agreement with its banks to restructure its EUR 7 bn mountain of debt. In a statement on Monday, the company said that banks Calyon, EuroHypo, Goldman Sachs and Royal Bank of Scotland have agreed to extend the maturity date on a EUR 6.5 bn financing facility to five years. Some lenders of privately arranged loans accepted company assets as repayment.
Private asset management company Kryalos has completed the acquisition of a light industrial property in Rome, through its Mars fund.
