Nanette Secures Finance for Real-Estate Projects


 

TIDMNAT 
 
RNS Number : 4086S 
Nanette Real Estate Group N.V. 
18 May 2009 
 

Nanette Real Estate Group NV 
"Nanette" or "the Company" 
 
 
 
 
Nanette Secures Finance for Real-Estate Projects in Poland 
 
 
Nanette is very pleased to announce that two of its subsidiaries in Poland 
have been concluded financing and refinancing facilities with Nordea bank, for 
the total amount of Euro 53 M (PLN 240 M). 
 
 
A loan facility has been concluded with ROBYG City Apartment (RCA) for the 
amount of Euro 40 M (PLN 180 M). The agreement includes a rearranging of the 
existing loan facility and an additional loan facility of Euro 11 M (PLN 50 M). 
 Nanette holds 50% in ROBYG SA, which holds 75% of ROBYG City Apartment.  The 
Rothschild group holds 25% of RCA 
 
 
An additional loan facility was originated with ROBYG Jabloniowa (RJ) for the 
amount of Euro 13 (PLN 60M) and included a rearranging of the loan facility. 
ROBYG SA, holds 100% of ROBYG Jabloniowa. 
 
 
The loan facilities designated to expedite the projects' development and will 
finance the construction work of the projects. 
 
 
These facilities are providing Nanette an additional leverage and demonstrating 
the Company's strong positions in the local markets were it is active. 
 
In addition the company would like to report that in the last three months, it 
sold in Poland 100 flats, which represents a substantial growth, compared to the 
total number of flats it sold (86) during the whole year of 2008. 
 
 
Shaul Lotan, Chairman of Nanette and Oscar Kazanelson, Chief Executive, 
commented: 
 
 
"Nanette is proving again to its investors and the financial market that despite 
the financial turmoil in the world, our capable management and quality projects 
are working as planned. We are able to obtain finance for our projects to fund 
the construction and part of the lands' acquisitions in accordance with our 
business plan". 
18 May 2009 
+--+--------------------+--------------------+--------------------+--------------------+ 
| Enquiries:                                 |                                         | 
|                                            |                                         | 
+--------------------------------------------+-----------------------------------------+ 
| Nanette Real Estate                        |                                         | 
+--------------------------------------------+-----------------------------------------+ 
|  | Shaul Lotan                             | + 31 20 778 4141                        | 
+--+-----------------------------------------+-----------------------------------------+ 
|  | Eyal Keltsh                             | + 48 606 141 201                        | 
+--+-----------------------------------------+-----------------------------------------+ 
|                                            |                                         | 
+--------------------------------------------+-----------------------------------------+ 
| Global Equity IR                           |                                         | 
+--------------------------------------------+-----------------------------------------+ 
|  | Amira Bardichev                         | 07956 206270                            | 
+--+-----------------------------------------+-----------------------------------------+ 
|  |                                         |                                         | 
+--+-----------------------------------------+-----------------------------------------+ 
| KBC Peel Hunt                              |                                         | 
+--------------------------------------------+-----------------------------------------+ 
|  | Capel Irwin                             | 0207 418 8900                           | 
+--+-----------------------------------------+-----------------------------------------+ 
|  | Nicholas Marren                         |                                         | 
|  |                                         |                                         | 
+--+--------------------+--------------------+--------------------+--------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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