Russia's Mirax Group has reached agreement with Alfa Bank to restructure $250 mln (EUR 170 mln) of debt. The repayment of the loan will be postponed by up to 18 months, the bank said in a statement on Wednesday. The Russian lender is also considering providing new funding to enable Mirax to complete the Federation Tower, Europe's tallest scheme, deputy CEO of Alfa-Bank, Vladimir Tatarchuk added.
Westland Shopping Centre in the Brussels neighbourhood of Anderlecht may be up for sale, according to Belgian media reports.
