Argo fund secures Proton loan
By
Annabel DIxon | Investment |
13-06-2012 | 09:05 | Print
Argo Real Estate Opportunities Fund has secured a new loan facility from Proton Bank.
The fund has agreed a €29.3m (£23.6m) loan, which will mature on 31 December 2016. As part of the agreement, Argo Real Estate will pay €2.1m of overdue interest to Proton Bank.
Last December, Argo Real Estate confirmed it had defaulted on its €25m loan facility and an associated €0.9m loan from Proton.
annabel.dixon@estatesgazette.com
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