Sberbank opens $60 mln credit line for Mebe One Khimki Plaza construction

03 October 2013

Moscow bank Sberbank Rossii and Mebe Development, LLC signed a credit facility agreement to refinance the credit of CJSC Credit Europe Bank and to finance the completion of the class A office and business center Mebe One Khimki Plaza. A $60 mln credit line has been opened accordingly; the credit term is 7 years.

Business center Mebe One Khimki Plazа is located at 25 Leningradskaya Str, Khimki, Russia on the first line of the Leningradskoe Highway, in 1.5 km from the Moscow Ring Road and in 7 km from the Sheremetyevo International Airport. The property is a 19-storeyed 44,000 sq m building with an underground parking and a helipad constructed to meet the LEED Gold international ‘green’ certificate requirements and intended to become a new benchmark of quality office life in Russia. The headquarters of Mebe Group, the owner and the developer of the complex, will be located on the 18th and 19th floors. The delivery of the building is scheduled for February 2014. Knight Frank, an international real estate consultancy, is the exclusive marketing and leasing agent of the property.

Mebe Development, LLC is part of Mebe Group. The company has been working in the Russian construction market since 1995. During this period Mebe Group has constructed over 1 mln sq m of residential and commercial real estate property in various regions of Russia. Mebe One Khimki Plazа is the first project, which Mebe Group is the owner, investor, developer and turnkey contractor for.

Moscow bank Sberbank Rossii has 749 business units and operates on the territory of Moscow. Mebe Group has been working with Sberbank since 2012.