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Shanghai Treasury building refinanced
China Real Estate Opportunities (CREO) has agreed refinancing for Shanghai's Treasury building. The Treasury Holdings-backed company said yesterday it had completed a loan facility for a multi-currency three-year loan worth about £27.72 million (€30.6 million) with a Hong Kong bank. The new loan will replace an existing arrangement CREO had with credit Suisse, and will allow CREO to take advantage of lower Interest rates. |
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