39423
HYSTEAD LIMITED
Sep 6, 2017
Eastern Europe Subregion
Europe
Oct 7, 2017
B - Limited
Completed
Mar 6, 2022
Regional Industry MAS LAC & EUR
Tourism, Retail and Property
Approved : Dec 15, 2017
Signed : Feb 26, 2018
Invested : Jun 8, 2018
Construction and Real Estate
The proposed Project consists of providing an IFC A Loan of up to EUR60 million and a parallel loan of up to EUR45 million, mobilized by IFC, to support the expansion of Hyprop Investments Limited (South Africa) and PDI Investments Limited (Mauritius), into Central and Eastern Europe (CEE) following their acquisition of three operating shopping malls in Belgrade, Serbia; Podgorica, Montenegro; and Skopje, FYR Macedonia.
The proposed investments shall be used to refinance existing debt of the mall entities and therefore provide a more sustainable capital structure, and to finance the upgrade and/or expansion of the malls. The malls are each owned by locally incorporated private companies that are 100% subsidiaries of Hystead Limited, UK ("Hystead" or the "Company”).
n/a
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Local Access of Project Documentation
Hystead Limited
2nd Floor 21 Cradock Avenue, Cradock Heights, Rosebank