The Nordea Group has advanced a five-year EUR 52 million loan facility to EPI Russia I investment fund./p>
EPI Russia I, a member of the BPT Group, focuses on REMI operations. The BPT Group acts as a real property operator in Eastern and Northern Europe.
EPI Russia I plans to utilized borrowed funds for refinancing its current loans and for general corporate purposes.
The loan facility is secured by the pledge of real estate in Saint-Petersburg (the Premium and Kellerman office centers) and in the Leningrad Oblast (the Gorigo warehouse).
The BPT Group is a long-term business counterparty of the Nordea Group in the Nordics and we are glad to continue business relations with it in Russia thanks to the loan facility in question, says Michael Polyakov, Deputy Chairman of the Management Board of OJSC Nordea Bank.