EBRD to provide €30 million of long-term financing to Rönesans Gayrimenkul Yatirim to support regions affected by 2023 earthquakes [Yahoo! Finance]
TotalEnergies SE (TTE)
Company Research
Source: Yahoo! Finance
ISTANBUL March 28, 2024 /PRNewswire/ -- The European Bank for Reconstruction and Development (EBRD) is providing a senior loan of € 30 million to Rönesans Gayrimenkul Yatirim A.S (Rönesans Real Estate Investment) subsidiary of Rönesans Holding, one of Europe's leading contracting and investment companies. Rönesans Gayrimenkul Yatirim (RGY) is the commercial real estate development and investment company of Rönesans Holding. Combining Rönesans Holding's over 30 years of construction experience with 22 years of real estate experience, RGY has an asset portfolio of 16 real estate properties with a gross asset value of € 2,6 billion as of 2023YE. Rönesans Gayrimenkul Yatirim stands as Türkiye's largest commercial real estate investment group with its own managed projects, totaling c.1,500,000 square meters of gross building area and c. 740,000 square meters of gross leasable area. The loan will finance the support capex of Kahramanmaras and Sanliurfa Piazza Shopping Centres and will
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