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July 15, 2010 Thursday
Ameriabank Helps Negotiate Loans for Elite Group
As an investment bank Armenian Ameriabank has successfully negotiated
attraction of two loans from two major international lending
organizations to support construction of Elite Plaza, the first
high-class multipurpose office building in Yerevan.
A member of the World Bank Group and the European Bank for
Reconstruction and Development will provide loans of $5.4 million and
$3.6 million, respectively, to Elite Group, one of the leading
property development companies to build an 18-store building that will
accommodate office, retail, conference, and exhibition areas to meet
the growing demand for high-quality office space in Armenia.
Ameriabank said it acted as a financial and legal consultant for
negotiating the loan and secured development of required financial
models, provision of consulting services, conduction of talks and
signing contracts as well as other assistance.
Earlier IFC said that in addition to long-term financing it will
provide Elite Group with sector expertise and know-how to help the
company develop and operate its first office building project applying
international safety and environmental standards, thus setting a
market benchmark for other local developers.
From: A. Papazian
July 15, 2010 Thursday
Ameriabank Helps Negotiate Loans for Elite Group
As an investment bank Armenian Ameriabank has successfully negotiated
attraction of two loans from two major international lending
organizations to support construction of Elite Plaza, the first
high-class multipurpose office building in Yerevan.
A member of the World Bank Group and the European Bank for
Reconstruction and Development will provide loans of $5.4 million and
$3.6 million, respectively, to Elite Group, one of the leading
property development companies to build an 18-store building that will
accommodate office, retail, conference, and exhibition areas to meet
the growing demand for high-quality office space in Armenia.
Ameriabank said it acted as a financial and legal consultant for
negotiating the loan and secured development of required financial
models, provision of consulting services, conduction of talks and
signing contracts as well as other assistance.
Earlier IFC said that in addition to long-term financing it will
provide Elite Group with sector expertise and know-how to help the
company develop and operate its first office building project applying
international safety and environmental standards, thus setting a
market benchmark for other local developers.
From: A. Papazian