Quartiers secures financing for development of villa project in Nueva Andalucía
Quartiers Properties AB (publ) (“Quartiers” or “the company”) has, through its Spanish subsidiary Flexshare España SL, entered into a financing agreement with Strandängen Bostäder i Bunkeflostrand AB (“the lender” or “Strandängen Bostäder”) with regard to financing the construction of Quartiers’ villa project in Marbella, also known as project Amapura. The loan amounts to EUR 1,340,000, of which EUR 700,000 is to be used for construction of the villa and the remaining EUR 640,000 is to be used by the company for other projects.The loan has a maturity of two years and carries an annual