ECE, Sparkassen get EUR 70m loan for Sofia centre

German property firms Spaarkassen Immobilien and ECE Projektmanagement said on Monday that they had agreed a 10-year EUR 70 mln loan with Bank Austria for the Serdika shopping centre in the Bulgarian capital Sofia. The investment volume for the centre amounted to around EUR 160 mln, 65% of which was procured by Vienna-based Spaarkassen and 35% by shopping centre specialist ECE, the companies said.

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