Spain 
Italy 
Greece 
ING Finances Investments Worth €67m
14 September 2017
ING has signed two new agreements worth 67 million euros to finance real estate investments in Portugal.
One of the transactions involves a €39 million loan to a Luxembourg fund managed by an international banking group. The loan will finance an asset portfolio, run by FinSolutia, comprising four office buildings in the centre of Lisbon and a hypermarket in the Algarve.
The other is a €28 million loan to a subsidiary of Rockspring Trans European Fund VI LP for the acquisition of two office buildings in Lisbon.
In the last year, ING has granted more than 400 million euros to finance real estate investment in Portugal, such as the Colombo, Coimbra and Viseu Forum shopping centres and the office buildings in Marquês de Pombal. The Portuguese market is increasingly relevant to ING, ” explains Julian Bravo, head of Real Estate Finance for Portugal and Spain. “Our ample pipeline should us allow to continue to intensify our activities in Portugal over the next few months,” he believes.
Original Story: Vida Imobiliária – Ana Tavares
Translation: Richard Turner