The developer Contera has concluded a new financing deal worth €270 million that its CFO Daniela Fraňková says will see it through the next seven years. She admitted that there’s considerable competition for loans now, but that Contera had reached agreement with banks it’s been working with for years. “The valuation of the portfolio didn’t go down,” she said. “Just the opposite, our income from rents has been rising, now coming to more than €560 million. We use a reasonable level of leverage and we’re able to provide high quality collateral.”
The banks in the . . .
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