Troubled Russian property developer PIK Group has reached agreement with Sberbank, Russia's largest state-owned lender, on a EUR 338 mln financing facility to fund new projects. The new loan is conditional on the developer servicing its existing debt of EUR 318 mln, Sberbank's chairman German Gref told newspaper The Moscow Times.
Westland Shopping Centre in the Brussels neighbourhood of Anderlecht may be up for sale, according to Belgian media reports.
