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Thursday, July 19, 2007

Hypo Real Estate Bank International Finances MLP Chaika Logistic Complex

Hypo Real Estate Bank International has opened a USD 82mln loan line to MLP company (International Logistic Partnership; Russia) for construction of MLP Chaika logistic complex near the Chaika in Kyivo-Sviatoshynskyi district of Kiev region.

According to the report, the purpose of funding a financing of the construction and further refinancing of MLP Chaika logistic complex.

«That is the fourth project financed by Hypo Real Estate Bank International. In 2006-2007, MLP received four credits from the bank for over USD 530 mln," the report reads with the reference to MLP partner Bruce Gardner.

According to MLP's CEO Vitaliy Kaschenko, it is the first time when the bank to provide project financing for construction in Ukraine.

Investments in the development will exceed USD 78 mln.