Eurocommercial refinances loans for two retail properties

Listed shopping centre operator Eurocommercial has successfully refinanced loans for properties in Sweden and Italy.

Shopping centre

The two new refinancings are in line with its debt management strategy and Green Finance Framework, and are part of a wider effort to renew and extend its loan portfolio.
In Sweden, Eurocommercial secured a loan amendment with Nordea Bank, increasing the amount from SEK 1.8 bn (€160 mln) to SEK 2.4 bn (€215 mln) and extending the maturity to 2030. This loan qualifies as a green loan.
In Italy, a new €200 mln (€100 mln Eurocommercial share), five-year loan was agreed upon with ING Bank, BNP Paribas, and Banco BPM for the Fiordaliso shopping centre in Milan, a joint venture with the Finiper Group. This loan, replacing one expiring in H1 2026, is both green and sustainability-linked.
Eurocommercial has already refinanced all loans maturing in 2025 and is making progress on refinancing the remaining loans due in H2 2026, which cover the Carosello and I Gigli shopping centres in Italy and the C4 shopping centre in Sweden. These agreements are expected to be finalized later this year.
Euronext-listed Eurocommercial Properties owns and operates 24 shopping centres across Belgium, France, Italy, and Sweden, with total assets nearing €4 bn.