A €225 million refinancing of the Serbian retail portfolio owned by Atterbury and MPC Properties has been completed. The deal covers three prime Belgrade shopping centres – Ušće, BEO and Mercator – and represents the largest real estate refinancing transaction in Serbia to date.
It is also the country’s first portfolio financing featuring cross-collateralisation across jointly managed assets. The transaction delivers an optimised capital structure and underlines continued investor confidence in the regional retail real estate market.
DLA Piper advised Erste Group Bank AG, Erste Bank Novi Sad and UniCredit Bank Serbia on the transaction.
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