Quartiers Properties receives renovation loan of EUR 2.5 million for planned hotel on Centro Forestal Sueco in Marbella
As planned, Quartiers Properties AB (publ) (“Quartiers Properties” or “the company”) has secured financing for renovations to the hotel on Centro Forestal Sueco in Marbella. The loan financing is estimated to form the majority of the company’s share of the total investment in the renovation project, which is a joint investment with the co-owners of the operator company. Quartiers is providing security in the relevant property.According to the latest valuation from CBRE, the value of the property is around EUR 10.0 million, which means a loan ratio of 25 percent. If considered appropriate,