The international arm of Germany's Hypo Real Estate Group announced the completion of over EUR 296 mln in funds for two separate development projects in Russia and Romania. The bank provided a $89 mln (EUR 56 mln) investment facility to Raven Russia on 29 January 2008. The funding was for the refinancing of Phase 1 of the Krekshino Logistics Park, a 118,000 m[sup]2[/sup] Class A logistics/warehouse facility completed in 2006 and located near Moscow.
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