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Prishtina Mall

Sector: Solar • Location: Kosovo

Source: International Finance Corporation (IFC)

Project
Pending

The proposed investment comprises a senior secured A Loan of up to €45 million and a B or a Parallel Loan of up to €35 million (the “IFC Loan”) to Prishtina Mall S.H.A. (“PM” or the “Company”), the largest shopping mall in the Western Balkans. The IFC Loan will be used to finance PM’s (i) payment of advances and outstanding construction costs; (ii) refinancing of bridge loans provided by local ban

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The project “Prishtina Mall” is an infrastructure initiative in the Solar sector, located in Kosovo. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Status

Original status

pending

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Description

Description

The proposed investment comprises a senior secured A Loan of up to €45 million and a B or a Parallel Loan of up to €35 million (the “IFC Loan”) to Prishtina Mall S.H.A. (“PM” or the “Company”), the largest shopping mall in the Western Balkans. The IFC Loan will be used to finance PM’s (i) payment of advances and outstanding construction costs; (ii) refinancing of bridge loans provided by local banks during construction; (iii) fit-outs for new tenants; (iv) physical and operational infrastructure upgrades; and (v) investments in installation of rooftop solar panels (the “Project”).Prishtina Mall, with a Gross Leasable Area of 115k sqm, opened in 2023 and is operated by Sonae Sierra, a shopping mall management and consulting company, headquartered in Portugal.PM is currently operational and no additional construction activities or major rehabilitation/modification is anticipated, except facility maintenance and fit outs for the new tenants’ space and enhancements to the building management system (BMS).

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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