Russian real estate company Sistema-Hals has announced that it has secured a credit facility for RUB 7 bn (EUR 197 mln) from state-controlled lender VTB and changed the terms for existing agreements with the bank. Sistema-Hals denied in mid-October that it faced any difficulty in financing its short-term debt, and said its immediate priority was financing its construction programme.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
