The EBRD is organising a financing package of up to €52.1 million to a major domestic retailer, Multi Veste Ukraine, for the construction and development of an international quality, inner-city retail centre. Up to €30 million of the total amount will be syndicated to Unicredit Bank.
The project represents a substantial investment into the regeneration and revitalisation of a currently dilapidated area of Lviv city centre and will set a benchmark for a sustainable project via its economic, energy, environmental and social standards. The new retail centre, Forum Lviv, will have a sustainable architectural design in accordance with the highest industry standards (ISO 14001), making environmental and energy efficiency issues a priority.
By supporting this deal, the European Bank for Reconstruction and Development is also introducing the Netherlands incorporated Multi Corporation BV, which is a majority owner of Multi Veste Ukraine, to the Ukrainian market. Multi Corporation BV is a high-quality international real estate developer and operator, which focuses on inner city urban developments.
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