Gruppo Aedes, the Italian real estate company, has signed an agreement on a medium-term loan with a syndicate of banks for EUR 90 mln. Aedes' statement on the loan did not specify what the funds will be used for it. The company said the deal was organised by Banca Profilo as the lead underwriter. The loan will mature in 36 months and is expected to be repaid on December 3, 2009.
German-listed real estate company Branicks Group has sold a retail property in Bremen city centre to municipal urban developer Brestadt for €37.2 mln.
