Wednesday, June 1, 2011

"Alpha" will Polonsky

Alpha Bank suddenly kinder. And I decided to provide financial assistance to a development company Mirax Group in the construction business complex "Federation" at the Moscow International Business Center (MIBC), Moscow-City. "Investments - $ 240 million, according to the material published in Kommersant newspaper. The publication adds that currently the bank and the developer prepare a memorandum. Recall that due to financial difficulties the owner of Mirax Group Sergei Polonsky refused the idea to build a tower "East" complex "Federation" to the planned height. In his said the tower would be only 64 floors. "Conditions now are coordinated with Mirax. Alfa-Bank is the lender, but may participate in the project to other banks, "- the newspaper quoted Director of Development client business at Alfa Bank, Maxim Pershin. According to the newspaper, in Mirax Group confirmed this information. Alfa Bank has agreed to participate in financing "Federation" once in early March, the developer has paid the bank $ 50 million (under repurchase agreement with a mandatory repurchase 13.3 thousand square meters of space in the "Federation" at the rate of 3.77 per thousand dollars a square meter). Mirax estimates their loan obligations of about $ 550 million, while arrears on the last year of 120.8 million dollars. Direct debt to the structures of "Alpha" without overbought loan from Credit Suisse makes $ 99 million, about $ 44 million of which were overdue. Mirax Group was founded in 1994. Among the major projects, in addition to the business complex "Federation" in MIBC "Moscow City", - Business centers Mirax Plaza, "bow, 11" and "Admiral" apartment complexes "Fort Kutuzov," " Kutuzovskaya Riviera, Rublevskaya Riviera ", Mirax Park, etc.

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